Managua in Alajuela, Costa Rica was the second established in 1984. The latter was made the main campus following the lack of government support during the 1980s; in fact the Managua campus was actually closed for most of this time. It then reopened in 1990 after democracy was restored in Nicaragua; however, the main campus remained in Alajuela. According to a study done by América Economía INCAE ranked as the number one business school in Latin America in 2004 and 2005 and ranked in the top ten international business schools by "The Wall Street Journal" in 2006. Managua is the economic
American Capital of Culture American Capital of Culture The non-governmental organization American Capital of Culture Organization selects one city in the Americas annually to serve as the American Capital of Culture for a period of one year. The organization claims the initiative is based closely on the European Capital of Culture program; it enjoys the backing of the Organization of American States, but the OAS is not involved in the selection process. The American Capital of Culture initiative was born in 1997 and is aimed at all the countries of the Americas ("América" in Portuguese and in Spanish, the main language of most of