At the end of 2020, Honduras, Nicaragua, Guatemala and El Salvador remained at the bottom of the Human Development Index ranking, while Costa Rica and Panama were better evaluated.
The report entitled The Next Frontier, Human Development and the Anthropocene, which was published on December 15, 2020 at the global level, updates the Human Development Index (HDI) that is calculated by the United Nations Development Program (UNDP).
The Salvadoran business sector welcomes with good expectations the announcement of the Bukele administration to implement the "Economic Takeoff Plan", and they assure that they are willing to join efforts.
Nayib Bukele announced that his administration will implement the "Economic Takeoff Plan", which aims to create the conditions for the economy to grow above 3.5%.
The plan will focus on articulating government efforts in the agricultural sector, telecoms through connectivity and education focused on preparing the new generations in the framework of the fourth industrial revolution.
In spite of the economic progress that has been achieved in Costa Rica, employment growth has stagnated, results in education are deficient, and anti-competitive regulations continue to hinder business development.
The latest OECD economic study on Costa Rica details the factors that support the significant socio-economic achievements of the last decades, as well as the pending challenges to ensure sustainable and more inclusive growth.
In the first projects that are planned to be developed as part of the plan, around $116 million will be invested in construction works, vehicle purchases and other things.
The first investments will be made in seven departments, and the province to which the most resources have been allocated is Quiché, which will receive an investment of $46 million.In this region, 43 projects will be implemented, including the construction of a service center and the acquisition of garbage trucks.
"More than half of the adult population has not managed to approve the second cycle of secondary education, meaning that many Costa Ricans will have to acquire new skills in order to take advantage of new job opportunities."
From a report by the OECD:
18/10/2017 - Costa Rica enjoys relatively high life satisfaction levels, but should do more to develop a more inclusive and sustainable economy, according to a new OECD report.
In the view of the OECD, "the country depends to a large extent on a few sectors, such as construction, the financial sector and the Panama Canal, which will be insufficient to support greater socio-economic progress and greater inclusion."
The "Multidimensional Study of Panama," produced by the Organization for Economic Co-operation and Development (OECD), concludes that the country needs more resources to finance investment in key social areas, including education and skills.
Gaps in GDP per capita between different countries are directly related to the productivity gaps between their respective economies, with education being the main factor in these differences.
The OECD report "Promoting inclusive growth of productivity in Latin America" says that although the region made progress in reducing poverty over the past 20 years, it still stands out at the global level, because of the unequal income its inhabitants.
In Costa Rica teachers at the National Institute who trains technicians, are preparing to teach classes on "social solidarity economy" under the concept that "private businesses have little or no critical concience about workers".
EDITORIAL
Private companies are wary of the recent inclusion of concepts related to cooperatives and unions in the educational programs at the National Institute of Learning, whose main objective is the teaching of technical skills, and whose resources come mainly, with 80%, from the private sector.
Accepting personal responsibility for your own and your family's progress is a direct result of the knowledge of the fundamentals of economics and finance.
In order to manage the personal wealth in an adequate way and to properly assess the economic policies governments apply, it is essential to have an economic and financial education since primary school.
The only routes to success that exist, "whether they are right wing or left wing, are those requiring structural reforms to boost value, and prudence in the administration of the State".
"In Latin America, ... not all countries take advantage of the bonanza in the same way ... [the bonanza] in prices of raw materials, low interest rates, easy access to the international financial markets and in receiving FDI are abundant ...
Report on the Performance of Costa Rica, through the selection, measurement and evaluation of a set of factors covering social, economic, environmental and political development.
From the Synopsis of the State of the Nation Report 2013:
State of the Nation Report 2013
Persistent myths about our country, have led to Costa Rican society, for decades, doing the same thing and hoping for different results.
While prices of goods have increased by 2% in a year, services have gone up by 8%.
From a statement by ALDESA in its blog Pulso Bursatil:
Increase in prices of services is 4 times that of goods
In August, prices of basic goods registered an increase of 0.05%, a figure which is very near to the minimal increments of the year registered in May and June, of 0.02%.
In order to achieve continued economic growth, the country must improve its labor productivity through a modern and efficient educational system.
During a presentation by Apediana Economic Charter of the Panamanian Association of Business Executives (APEDA), René Luciani, from the Economic Advisory Council Apede, explained that in the case of the education system, it is linked to the country's economic development, and work must be done on training to top professionals.
The Eighteenth State of the Nation Report provides an assessment of the progress of Costa Rica on sustainable human development.
Synopsis of the Eighteenth State of the Nation:
Summary
Moderate growth and monetary stability, but environmental management, a society and a political system in serious trouble: that is, in brief, the story of 2011. A year in which the style of development and Costa Rican democracy has not made firm progress in human development of the population.