Wednesday, May 13, 2020

The Influential Example Of Costa Rica - 973 Words

Nation Branding: The Influential example of Costa Rica (Essential Costa Rica) Nation Branding is a tool that helps to measure, build and manage the reputation of a country. Essential Costa Rica is the country’s brand; it tries to â€Å"sell† and promote Costa Rica as a high tech industry and innovative country, it showcases the nation ´s advanced export capacity as well as its leadership in protecting natural resources and promoting sustainable development. Essential Costa Rica aims to promote the country as a destination for investment and tourism by highlighting the nation’s main characteristics, which sets it apart from its neighboring countries. During the past years nation branding has gained popularity in many countries of the world. Essential Costa Rica has bolstered the country’s general image through promoting societal sectors such as tourism, exports, and commitment to sustainability. This country brand will provide increased competitiveness in relation to other countries, therefore improving the socio-economic status of Costa Rica as a country, and of its population as a whole. As professional brander, Fetscherin mentions: â€Å"The purpose of nation branding is to promote the country’s brand which includes â€Å"a country s whole image, covering political, economic, social, environmental, historical, and cultural aspects, by creating a positive image of the country† (Fetscherin 468). Costa Rica is considered to be one of the most innovative countries in Latin America, theShow MoreRelatedHow Is Economic Development Different Than Economic Growth?1242 Words   |  5 Pageslearned in the case of Brazil and Costa Rica, some numbers can be far more important than others. Even if your country is experiencing phenomenal economic growth, its people may be suffering. In many cases, economic development is needed before economic growth can make a real difference. 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