Globalization in Costa Rica would have many positive socioeconomic impacts because the country has excellent national sovereignty and environmental laws already in place. With free trade opening up, more of Costa Rica’s crops would gain access to the global market, increasing the average GDP per capita. However, more globalization and trade would provide better resources and infrastructure, increasing tourism to Costa Rica. While this seems positive, it would bring an increasing amount of foreign investors into the country, which would encroach on the local culture, lifestyle and property.
If this were the case, and Costa Rica’s tourism increased drastically with its heightened integration into the global economy, there would also be a rapid expiration of the country’s natural resources and ecosystems. Without better regulations and protections decided upon quickly for incoming investors and developers, Costa Rica would face potentially irreversible impacts on their environment and resource supply. On a positive note, free trade would allow for a greater spread of information and technology, much of which could be used to increase industrial and agricultural efficiency. This would reduce Costa Rica’s carbon footprint and help mitigate the negative effects of global warming.
