Abbott manufacturing facility in Costa Rica. Coyol Free Zone Alajuela, Provincia de Alajuela, Costa Rica.
1. The Abbott manufacturing facility in Costa Rica produces technology that treats various diseases and medical diagnoses worldwide. Abbott has manufacturing facilities in addition to their Costa Rica location across the world in countries such as Columbia, Singapore, and Spain. The plant makes and exports catheters; diagnostic products; nutritional supplements; generic pharmaceuticals; and devices for coronary, vascular, and artery diseases. The facility is around 152,094 sq. ft. and employs over 1000 people.
“Costa Rica Free Trade Zone Regime – Coyol Free Zone.” Coyol Free Zone – Costa Rica | Central América, coyolfz.com/medical-manufacturing-companies-directory-copy/. Accessed 14 Sept. 2023.
2. The Abbot facility is both environmentally and socially conscious. In 2015, 100 percent of the plant’s waste was transformed into compost and 35 percent of water consumption was reduced. On the Dow Jones Sustainability Index, Abbott has been leading the industry sector for strong environmental, social, and governance performance for the past ten years. Additionally, Abbott has been called a Top Company for Executive Women and Best Company for Multicultural Women as well as a “100 Best Company” for the past 22 years.
Cinde.org. “Abbott Grows in Costa Rica – Celebrates 5th Anniversary of Its Medical Devices Plant in the Country.” Cinde.Org, www.cinde.org/en/essential-news/abbott-grows-in-costa-rica-celebrates-5th-anniversary-of-its-medical-devices-plant-in-the-country. Accessed 14 Sept. 2023.
“Home: Abbott U.S.” Home | Abbott U.S., www.abbott.com/. Accessed 14 Sept. 2023.
3. I would say that neo-liberalism is a more accurate way to describe Abbott’s existence in Costa Rica than neo-colonialism. Although Abbott is owned by The Vanguard Group Inc., an investment company funded by stakeholders such as Bank of America and Wells Fargo, both U.S. companies, it does not seem to have neo-colonial objectives. The company itself is pretty transparent in its efforts to support workers of their facilities in and outside of the U.S. Abbott has sections on the website dedicated to showing their sustainable and social intentions which provide evidence that the presence in Costa Rica is providing over 1000 jobs and putting efforts into their employees wellbeing.
Menon, Rahul. “Neoliberalism or Neocolonialism? Evaluating Neoliberalism as a Policy Prescription for Convergence.” Developing Economics, 10 Jan. 2019, developingeconomics.org/2019/01/11/neoliberalism-or-neocolonialism-evaluating-neoliberalism-as-a-policy-prescription-for-convergence/.
Abbott Costa Rica Intern Experience in Manufacturing Engineering
“Abbott Costa Rica Intern Experience in Manufacturing Engineering.” YouTube, YouTube, 4 Oct. 2021, www.youtube.com/watch?v=MLD85rHP6Mo.
Sources:
“Abbott Costa Rica Intern Experience in Manufacturing Engineering.” YouTube, YouTube, 4 Oct. 2021, www.youtube.com/watch?v=MLD85rHP6Mo.
Cinde.org. “Abbott Grows in Costa Rica – Celebrates 5th Anniversary of Its Medical Devices Plant in the Country.” Cinde.Org, www.cinde.org/en/essential-news/abbott-grows-in-costa-rica-celebrates-5th-anniversary-of-its-medical-devices-plant-in-the-country. Accessed 14 Sept. 2023.
“Costa Rica Free Trade Zone Regime – Coyol Free Zone.” Coyol Free Zone – Costa Rica | Central América, coyolfz.com/medical-manufacturing-companies-directory-copy/. Accessed 14 Sept. 2023.
“Home: Abbott U.S.” Home | Abbott U.S., www.abbott.com/. Accessed 14 Sept. 2023.
Menon, Rahul. “Neoliberalism or Neocolonialism? Evaluating Neoliberalism as a Policy Prescription for Convergence.” Developing Economics, 10 Jan. 2019, developingeconomics.org/2019/01/11/neoliberalism-or-neocolonialism-evaluating-neoliberalism-as-a-policy-prescription-for-convergence/.




