Q REPORTS — Donald Trump’s return to the White House poses a new panorama for Latin America. With his inauguration scheduled for January 20, 2025, anticipated policies could reconfigure economic and political relations in the region. For Costa Rica, these dynamics could represent a combination of key opportunities and challenges.
“The United States seeks to strengthen Latin America to reduce migration to its territory, encouraging trade and regional production of strategic goods such as semiconductor chips, in which Costa Rica can play a crucial role,” said Malberth Cerdas, professor of Business Administration and Economics at Universidad Fidélitas.
Opportunities for Costa Rica
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The United States has shown a growing interest in diversifying its supply chain, reducing dependence on China in critical sectors such as technology. Costa Rica, with its experience in advanced manufacturing, is well positioned to establish itself as a reliable supplier of semiconductor chips. Its reputation as a stable and safe country for investments supports this opportunity.
In fact, the Universidad Fidélitas is already preparing professionals through Semiconductor and Embedded technicians, which ensures the availability of specialized labor for this major national commitment. This strategic approach could become a pillar of Costa Rican economic growth in the coming years.
On the other hand, traditional Costa Rican export products, especially basic goods, will probably continue to enter the US market without tariff barriers, which will maintain a constant flow of income for the country. In addition, tourism from the United States also has positive prospects. The consolidation of Costa Rica as a sustainable destination could drive a greater number of visitors, strengthening the tourism sector.
A more stable dollar and greater security cooperation
International trade driven by a closer relationship with the United States could stabilize the exchange rate in Costa Rica for several years. However, this statement will depend on external factors such as the Federal Reserve’s monetary policy and international raw material prices.
In the area of security, Costa Rica has intensified its fight against drug trafficking, positioning itself as a regional model. This effort could translate into greater support from the United States, both in terms of resources and bilateral cooperation. “This support will not only benefit Costa Rica, but could also serve as an example for other countries in Central America,” Cerdas said.
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On the other hand, the appointment of Marco Rubio to the cabinet, with his anti-communist stance, could harden policies toward governments such as those of Venezuela, Cuba, and Nicaragua. This approach could indirectly influence regional stability, generating both challenges and opportunities for countries aligned with U.S. policies.
A call for strategic preparation
“Costa Rica must be alert and prepared to take advantage of the opportunities that this new context can offer,” Cerdas concluded. “From strengthening its role as a technology provider to maintaining close cooperation on security and tourism issues.”
To achieve this, the country must continue to invest in education and technical training, as well as in sustainability policies that consolidate its positive image internationally. This approach will allow Costa Rica not only to be a beneficiary of these new policies, but also a regional leader in adapting and prospering under the new geopolitical landscape.
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Source: Revista Summa
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