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Economy of Puerto Rico PDF

622 Pages·2006·2.565 MB·English
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by Susan M. Collins, Barry Bosworth; Miguel A. Soto-Class| 2006| 622 pages| 2.565| English

About Economy of Puerto Rico

A territory of the United States, Puerto Rico operates under U.S. legal, monetary, security and tariff systems. Despite sharing in these and other key U.S. institutions, Puerto Rico has experienced economic stagnation and large scale unemployment since the 1970s. The island’s living standards are low by U.S. standards, with a per capita income only half that of Mississippi, the poorest state. While many studies have analyzed the fiscal implications of Puerto Rico’s political relationship with the United States, little research has focused broadly on the island’s economic experience or assessed its growth prospects. In this innovative new book, economists from U.S. and Puerto Rican institutions address a range of major policy issues affecting the island’s economic development. To frame the current situation, the contributors begin by assessing Puerto Rico’s past experience with various growth policies. They then analyze several reforms and new initiatives in labor, education, entrepreneurship, fiscal policy, migration, trade, and financing development, which they incorporate into a proposed strategy for jumpstarting Puerto Rican economic growth.

Detailed Information

Author:Susan M. Collins, Barry Bosworth; Miguel A. Soto-Class
Publication Year:2006
ISBN:815715536
Pages:622
Language:English
File Size:2.565
Format:PDF
Price:FREE
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