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
Managua and reconstruction programs were expanded. New governmental buildings, galleries, museums, apartment buildings, squares, promenades, monuments, boat tours on Lake Managua, restaurants, nighttime entertainment, and broad avenues have resurrected part of downtown Managua's former vitality. Commercial activity, however, remains low. Residential and commercial buildings have been constructed on the outskirts of the city, in the same locales that were once used as refuge camps for those who were homeless after the earthquake. These booming locales have been of concern to the government because of their close proximity to Lake Managua. The construction of a new sewer system and the redirecting of