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2021 | OriginalPaper | Chapter

8. The Belt and Road Initiative Enhances Cooperation Opportunities for Costa Rica and Brings Development Strategies for SMEs

Author : Jéssica Vargas Madrigal

Published in: A New Blue Ocean

Publisher: Springer Singapore

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Abstract

Due to BRI, Costa Rica and China will promote bilateral cooperation to improve exchanges of goods, technology, capital, and personnel through mutual connectivity and mutual learning. Both countries have joined efforts to promote investment in different economic sectors and boost better opportunities for those enterprises that wish to enter and compete in the market. China became one of the most important protagonists of international cooperation as part of the new cooperation roles. This chapter presents introduction on national policy for developing SMEs in Costa Rica and an overview of developing levels of local SMEs. It points out that BRI has become a cooperation platform for Costa Rica and its SMEs through policy coordination, technology access and exchanges, industrial parks or economic and commercial cooperation zones, facilities connectivity and capacity building, training, and innovation.

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previous chapter Argentina: SMEs Development, Prospects, and Proposals

next chapter The Belt and Road Initiative and SMEs in Ecuador: Strategic Perspectives for Strengthening the Bilateral Relationship and the Mutual Benefit

Confucius said that an individual cannot be successful if his family is not successful, that a family cannot prosper if its community does not prosper, a community cannot develop if the entire city is not developed, the city´s welfare cannot flourish if the country where it is located does not flourish, a country cannot reach success if the region that surrounds cannot reach success, and this mindset applies successively until the entire world can thrive.

The major market in Asia for Costa Rican products is Japan, with a participation of 37% of total exports to Asian Continent.

Chinese Policy papers are a blueprint of their action plan toward a specific region and based on previous experiences and new initiatives including specific targets, proposals, and comprehensive strategies. Their main purpose is to strengthen China’s international relations and broaden cooperation focused on development.

Established in 1954 in the Panchsheel Treaty, signed between China and India, set forth the Five Principles of Peaceful Coexistence as major pillars in China’s modern foreign policy. They outline China’s vision of world peace, security, and development: mutual respect for sovereignty and territorial integrity, mutual non-aggression, non-interference on each other’s internal affairs, equality, and mutual benefit and peaceful co-existence.

In less than three decades, the country experienced a drastic change going from only 21% of forest coverage in 1987 to 53% now; and 26% of the territory is protected land. Current Costa Rican president, Carlos Alvarado, has announced the plan to become a carbon-neutral country by 2050. Encouragingly, 2018 was the fourth consecutive year in which 98% of Costa Ricás electric power was obtained from renewable resources, which has allowed for electricity to outcome of 72 times less CO₂ emissions than the world’s average.

The agreement focuses on research of seeds and germplasm in horticultural crops in two specific regions in Costa Rica (Chorotega and Central Pacific). The radius of the study is expected to expand from this country to other regions in Latin America.

For 54% of the requests received by the National Environmental Technical Secretary (SETENA, as per its Spanish acronym) the procedures will be reduced from 3 months to only minutes due to the institution digitalization processes..

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Title: The Belt and Road Initiative Enhances Cooperation Opportunities for Costa Rica and Brings Development Strategies for SMEs
Author: Jéssica Vargas Madrigal
Publisher: Springer Singapore
Book: A New Blue Ocean
Print ISBN: 978-981-15-7686-7

Electronic ISBN: 978-981-15-7687-4

Copyright Year: 2021
DOI: https://doi.org/10.1007/978-981-15-7687-4_8

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