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While [url=http://www.nacion.com/economia/empresarial/Amazon-empleos-contrataciones_0_1512448832.html]Amazon announces a Job Fair to hire 800 new staff in Costa Rica[/url] further [url=http://www.nacion.com/economia/empresarial/HP-recortara-empleos-parte-restructuracion_0_1512248860.html]Hewlett Packard restructuring and the elimination of 30,000 jobs worldwide[/url] could mean job losses in Costa Rica where Hewlett Packard employs 6,000 people.
[b]What do you think Costa Rica should do to attract more FDI (Foreign Direct Investment)? [/b]
Interesting development.
This from [url=http://recode.net/2015/09/16/meg-whitman-says-this-is-the-last-round-of-job-cuts-at-hp-really/]Recode.net[/url]
‘A significant portion of the services personnel work where labor costs are high, including the U.S. and Western Europe. Most of them — about 60 percent — will by 2018 be replaced by workers in one of five HP offices around the world: [b]Costa Rica[/b]; Manila, the Philippines; Sofia, Bulgaria; and Bangalore and Chennai in India. [b]“We expect to grow significantly in these locations,”[/b] she said.’
The list of things needed cannot be accomplished under the present system.
The situation in this respect is similar to that in the US and UK, where necessary reforms are blocked by those who would be most effected and control power.
In CR these include: private monopolists with relatives in government; The rich, who form the main power bases in the country and do not want to pay taxes; corrupt officials and the judiciary and public sector unions who want to keep their feather bedded employment.
So listing the things that need to change is largely a waste of time, but here it is anyway:
1. Introduce a real anti corruption agency with special powers and a special court. This was done very effectively in Singapore. Immediately suspend and isolate from influencing events anyone accused of corruption.
2. Abolish all monopolies including state owned ones. This requires powerful and independent regulators.
3. Devalue the currency by 30%, default on foreign debt
4. Make labour courts more balanced and stricter in collecting evidence. Follow best international practice in benefits and labor legislation to avoid favouring labour too much.
5. Introduce free trade as Singapore did and end subsidies and tax breaks to special interest groups, state or private, including farmers and the tourist industry
6. Clean up the law on property to stop people being cheated out of their land.
7. Pay the police so that they do not need to be corrupt.
8. Open state managed drug points of sale under strict management and make all drugs legal, pure and taxed.
This list could go on, but you see it will not happen.
Realistically, the country will bumble along. Eventually there will be a crisis, whereby debt default and currency devaluation will occur.
Hard times will follow and then a new bunch of corrupt officials will take over. Or maybe even the same bunch.
[quote=”chris clarke”]The list of things needed cannot be accomplished under the present system.
[/quote]Bloody brilliant!
Thank you for taking the time to give us your feedback Chris….
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