Cost of Living
Costa Rica: Lower Cost of Living
By Edmund J. Pankau
Mar 9, 2007, 16:16

Lower Cost of Living

There are real advantages in doing business offshore and there are tremendous opportunities in developing and emerging countries that are ready to benefit from the wonders of “Bypass Technology”, the ability to piggyback off of the wireless world. 

Many emerging or third world countries are rich in natural resources, land, minerals and a cheap labor pool, but don’t have the technology or financing to develop the infrastructure needed for major undertakings like utilities, telecommunication systems and financial services, until very recently.
 
Countries like Belize, Honduras, and Costa Rica haven't been able to build a national telephone system using pre-satellite technology, which required a major investment in cable and equipment, but now, they will soon be able to provide every resident and visitor with a digital cellular phone for a fraction of the cost of the conventional wired telephone systems that require a huge investment in infrastructure, manpower and capital financing.

With this new technology, combined with the graying of America, many of the emerging countries around the world have become the home of choice of the retirement, as well as the expatriate community. Why? Let me count the ways!