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Costa Rica to gain as big countries go high-tech

Categories: Business
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Published on: 2012/02/29

The Costa Rican Foreign Trade Ministry announced on Jan. 16 that foreign direct investment (FDI) in the technology sector from January to September 2011 totaled some $470 million, more than any other sector. Additionally the Foreign Trade Promotion Office said that $9 of every $10 of FDI in Costa Rica is invested in technology, and the technology sector added 7,728 new jobs in Costa Rica in 2011.

Telecommunications drew $384 million of FDI in the same period. Costa Rica is a major producer of integrated circuits used  in  many  computing  devices  (TT, Jan. 20).

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The minister said IBM will be looking to staff 1,000 digital-science jobs this year in Costa Rica, and he feels confident the country can supply enough capable bodies to fill those positions. Part of the Chinchilla administration’s plan for the development of science and technology is investment in human capital, hence, Chinchilla’s plan to invest 1 percent of GDP in education for the sciences.

via Costa Rica to gain as big countries go high-tech / Business & Real Estate / Costa Rica Newspaper, The Tico Times.

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