Fallas earned a degree in economics from the University of Costa Rica and a Master's from the University of Los Andes. Fallas was a member of the Social Christian Unity Party before joining Citizens' Action Party. Fallas joined the administration of Rafael Ángel Calderón Fournier as Minister of Planning. He was also Minister of Housing during Abel Pacheco's administration, quitting in 2005. Fallas resigned after facing criticism from Pacheco and PUSC over the amount of money available for low-income housing. In addition, he was a consultant on the State of the Nation. Between administrations, Fallas has worked as an independent economic consultant. Fallas left PUSC, the party of both Calderón and Pacheco, to join the PAC. In 2013, Fallas became PAC's Vice-Presidential candidate, running with Luis Guillermo Solís, and fellow Vice-Presidential running-mate Ana Helena Chacón Echeverría. The campaign was successful, resulting in a victory for Solís when the National Liberation Party ceased campaigning after the end of the first round of voting.
Economic and social philosophy
Fallas follows PAC's platform of concern for the health of the national economy, citing corruption and poor budgeting as problems. Like most members of PAC, he is opposed to the Central American Free Trade Agreement. Fallas has also expressed an interest in rural poverty in Costa Rica and Central America. Of particular concern to Fallas in recent years has been what he describes as a reliance on overseas development and too few incentives for local economic growth. Fallas is also worried about the prevalence of sexual tourism in Costa Rica, citing the number of internet sites that promote the practice. As vice-president, Fallas claims that he will consider state spending and the implementation of responsible taxes as economic changes. Fallas says he is sensitive to the middle class, workforce development, and social programs. Fallas writes extensively on economic topics, including editorials, for El País, La Nación, La Tribuna Democrática, and other Central American newspapers.
Personal life
Fallas is married to Nuria Más. He has three children and three grandchildren, who he enjoys taking swimming. In 2008, Fallas was involved in a plane crash in Honduras. During the crash, the President of the Central American Bank for Economic Integration was killed and Fallas received considerable injuries, especially to his spinal column. He was flown to a hospital in Miami, Florida to receive emergency treatment and rehabilitation. Fallas claims that he is now in good health and is able to perform his political duties. For exercise, Fallas takes frequent walks.
