Alberto Franco

“Rather than fixating on a word to define the economy, we should focus on working to restore growth and improving quality of life for everyone who lives here,”Alberto Franco, an economist from the consulting firm Ecoanálisis said.

This is the most insightful thing that I have heard anyone say about the economic crisis we are in right now. Everyone keeps fixating on whether or not to call it a recession. Here in the U.S. we have come to terms with the fact that we are in a recession however, the Ticos are not using that term yet, but are debating on it. I agree with Franco and instead of focusing on the terminology, we should focus on what to do to improve the job market and most importantly stimulate the economy with bringing in more tourism. Tourism is at the top for foreign exchange in Costa Rica. Right now Costa Rica needs to work on some kind of way to bring in tourists. It'll be hard to do because the U.S. isn't spending any money on vacations right now but they need an incentive.