She claims that CAFTA will hurt the social security system in Costa Rica, and that the cost of telecommunication services will rise as it has in the rest of Latin America. Costa Ricans will not be protected because they will have no help with loans or subsidies. It will weaken their ability to undertake social and infrastructure investments, she says, because Costa Rica will have many more debts that everyone will be required to help pay off. Another reason she doesn’t believe it will benefit Costa Rica is because Mexico has already gone through it with NAFTA and she is unhappy with the results.
Tuesday, March 23, 2010
What I Learned About CAFTA
Kiera, 16
She claims that CAFTA will hurt the social security system in Costa Rica, and that the cost of telecommunication services will rise as it has in the rest of Latin America. Costa Ricans will not be protected because they will have no help with loans or subsidies. It will weaken their ability to undertake social and infrastructure investments, she says, because Costa Rica will have many more debts that everyone will be required to help pay off. Another reason she doesn’t believe it will benefit Costa Rica is because Mexico has already gone through it with NAFTA and she is unhappy with the results.
Others like Jose Antonio Munoz, approved of CAFTA. They believe that it will help Costa Rica’s economy grow through the years. Supporters believe that it will be great for them to have diverse exports. Other countries will have “greater confidence” in Costa Rica’s willingness to trade. Munoz believes that it will not affect the farmers there that much, because many of them have left. He wants their economy to be great like Brazil and Ecuador.
Jon Huenemann, said that things will change, but Costa Rica will just have to adapt to it, because the world is changing and they have to be up to date with other countries. He believes that the US and Costa Rica will both be in better shape as a result of CAFTA. Sonia Picado agrees. She believes that CAFTA will work out because Costa Rica is creative, and they will make a way through all the negatives.
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