CNN Heralds Costa Rican IT Industry

9/4/2006 Juan Antonio Pastor /

For its weekly special commentary entitled "Comentario Semanal," CNN en EspaƱol enlisted Georgetown University Financial Analyst Ricardo Earnst to explain why the Costa Rican economy is an example for the rest of Latin America to follow. Citing the latest Latin Business Index, Earnst highlights the dynamism and success of the IT industry in Costa Rica, its exceptional capability of attracting foreign direct investment, and the momentum created by progressive government policies.

According to a report form the Latin Business Chronicle, Costa Rica is second in terms of technological development for all of Latin America "It is admirable that a country with only 4 million inhabitants has the possibility of attracting foreign investment from transnational [software] corporations," praises Earnst. "Costa Rica has an advanced telecommunications infrastructure and a high level of education not only in technical preparation, but also in English."

To view the CNN report as it aired in Spanish, click here. (Windows Media Player Format, 3,185KB)