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EU2020: a new opportunity for European entrepreneurs?

  • October 13, 2013

The European Commission published at the start of 2013 several new “entrepreneurship” plans and actions with regards to the forthcoming 2014-20 period.   To recap: early this year, the EC and its DG Enterprise and Industry revealed  the upcoming launch of…

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The Story of Scientific and Technological Development in Costa Rica: the Role of the Government in an Emerging Company

Presentation by Mr. Alejandro Cruz, Minister of Science and Technology of Costa Rica

30th September 2013

In Costa Rica, since 1971 there has been a minister responsible for science and technology (and recently telecommunication has been added: Ministerio de Ciencia, Tecnología y Telecomunicaciones) as a means for recognizing and driving forward the economy through scientific and technological development. Since February 2013, telecommunications has been added to the responsibility. Today, Costa Rica spends 7.2% of GDP in education with an aim of 8% by 2014. Unlike, 60 years ago, when coffee, bananas, meat, and sugar cane formed the majority of exports; now 66% of exports are in services, 18% in manufacturing with only 7% for agricultural.

The economy has grown 15 times since 1982 and has a focus on business services, advanced manufacturing and medical devices. Foreign direct investment has made up a significant percentage of growth in the service sector, which is based upon a welcoming and stable economic sector as well as the willingness of the education sector to work in close collaboration with business to help develop appropriately skilled human capital. Costa Rica has been developing scientific base for their exports moving gradually from resource-intensive to knowledge intensive. High technology goods now make up 39% of manufacturing exports. Some of the companies that has established an office include Bridgestone in the 1970s, Baxter Medical Devices in the 1990s, Intel and P&G in the 1990s and HP and IBM in the 2000s. HP is now one of the biggest employers in Costa Rica and employs about 7,000 employees with a significant proportion having from Costa Rican higher education.

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