Although Naranjo does acknowledge that the financial crisis will certainly have its impact on Costa Rica, the country is prepared to confront it. Naranjo has suggested to follow Keynesian’s economic view in which a country or state should invest during difficult times in order to gain control and expand its economy.
A local newspaper interviewed Naranjo and asked if he wasn’t being way too optimistic in stating that there will be no crisis in Costa Rica to which he responded that the country’s difficult times in the early 80’s was a crisis and that these are better times.
In the early 80’s, the national product had fallen, inflation was at a 60% and the country didn’t have the capacity to pay off its external debt. The current situation is much different today since the problem is due to external factors and not internal.
Naranjo suggested that in order to confront the future situation, the country should begin by investing specially in infrastructure and by financing social programs. According to Naranjo, new road systems are extremely important as they can help alleviate difficult times by helping improve the country’s competitiveness in the long haul.
In addition, Naranjo mentioned that Congress should accelerate international loan applications in order to stimulate spending. Naranjo also highlighted Costa Rica’s privileged position as a top tourist destination. He agreed on what the Costa Rican Bureau of Tourism is doing in strongly investing in international marketing to increase the country’s international exposure as a tourist destination.
The former Secretary of State’s also suggested to speed up the remodeling and expansion of the Juan Santamaria International Airport in San Jose as well as the Daniel Oduber International Airport in Liberia. Special emphasis should be placed on tourism as this sector is a strong source in income and employment.
























































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