Question

PESTEL analysis of Costa Rica, with sources properly cited and void of plagiarism

Answer 1

PESTEL analysis of Costa Rica is as follows-

1. Political environment-it is a democratic republic country with the liberal democracy and it has one of the efficient and effective political parties present among various nations.it is devoid of military services also so it can be said that it is Highly dependent on fair politics which is people oriented.

2 . Economic environment-costarica had a sound economy prior to the great depression of 2008 and its economy is majorly based on the agriculture and it has a total gross domestic product of$38.27 billions.it has recovered from the shock of depression and it is on a growth trajectory.

3. Social analysis-Costa Rica is a socially diverse country which is widely focused on acceptance of different cultural values and there is a fair equality to all groups which are present and value of each of the respected groups are equally respected.

4. Environmental analysis-Costa Rica is considered to be most biodiverse country on the planet. It has Always emphasized upon protection of its environmental assets and it has been a global leader when it comes to different types of policy related environmental issues and incorporation of those policies in business.

5. Legal analysis-law which are passed in Costa Rica legislature are the primary laws of Costa rica.there are then published into the official gadget of the country and they are implemented country wide.it has high disclosure policy and it is considered one of the effective and efficient system in the entire world when it comes to the legal context of Costa Rica.