The Economy of Puerto Rico

The Economy of Puerto Rico
Author: Barry Bosworth
Publisher: Brookings Institution Press
Total Pages: 607
Release: 2006
Genre: Business & Economics
ISBN: 9780815715535

In this innovative new book, economists from U.S. and Puerto Rican institutions address a range of major policy issues affecting the islands economic development. To frame the current situation, the contributors begin by assessing Puerto Ricos past experience with various growth policies.

Island Paradox

Island Paradox
Author: Francisco Rivera-Batiz
Publisher: Russell Sage Foundation
Total Pages: 228
Release: 1996-11-21
Genre: Business & Economics
ISBN: 9780871547217

Island Paradox is the first comprehensive, census-based portrait of social and economic life in Puerto Rico. During its nearly fiftyyears as a U.S. commonwealth, the relationship between Puerto Rico's small, developing economy and the vastly larger, more industrialized United States has triggered profound changes in the island's industry and labor force. Puerto Rico has been deeply affected by the constant flow of its people to and from the mainland, and by the influx of immigrant workers from other nations. Distinguished economists Francisco Rivera-Batiz and Carlos Santiago provide the latest data on the socioeconomic status of Puerto Rico today, and examine current conditions within the context of the major trends of the past two decades.sland Paradox describes many improvements in Puerto Rico's standard of living, including rising per-capita income, longer life expectancies, greater educational attainment, and increased job prospects for women. But it also discusses the devastating surge in unemployment. Rapid urbanization and a vanishing agricultural sector have led to severe inequality, as family income has become increasingly dependent on education and geographic location. Although Puerto Rico's close ties to the United States were the major source of the island's economic growth prior to 1970, they have also been at the root of recent hardships. Puerto Rico's trade andbusiness transactions remain predominantly with the United States, but changes in federal tax, social, and budgetary policies, along with international agreements such as NAFTA, now threaten to alter the economic ties between the island and the mainland.

Fantasy Island

Fantasy Island
Author: Ed Morales
Publisher: Bold Type Books
Total Pages: 314
Release: 2019-09-10
Genre: History
ISBN: 1568588984

A crucial, clear-eyed accounting of Puerto Rico's 122 years as a colony of the US. Since its acquisition by the US in 1898, Puerto Rico has served as a testing ground for the most aggressive and exploitative US economic, political, and social policies. The devastation that ensued finally grew impossible to ignore in 2017, in the wake of Hurricane María, as the physical destruction compounded the infrastructure collapse and trauma inflicted by the debt crisis. In Fantasy Island, Ed Morales traces how, over the years, Puerto Rico has served as a colonial satellite, a Cold War Caribbean showcase, a dumping ground for US manufactured goods, and a corporate tax shelter. He also shows how it has become a blank canvas for mercenary experiments in disaster capitalism on the frontlines of climate change, hamstrung by internal political corruption and the US federal government's prioritization of outside financial interests. Taking readers from San Juan to New York City and back to his family's home in the Luquillo Mountains, Morales shows us the machinations of financial and political interests in both the US and Puerto Rico, and the resistance efforts of Puerto Rican artists and activists. Through it all, he emphasizes that the only way to stop Puerto Rico from being bled is to let Puerto Ricans take control of their own destiny, going beyond the statehood-commonwealth-independence debate to complete decolonization.

Teodoro Moscoso and Puerto Rico's Operation Bootstrap

Teodoro Moscoso and Puerto Rico's Operation Bootstrap
Author: Alex W. Maldonado
Publisher:
Total Pages: 280
Release: 2020-11
Genre:
ISBN: 9780813068466

"Fascinating. . . . [Maldonado's] extensive interviews of Moscoso are unique and help make this a highly original work. . . . He deserves this amount of attention as the man who, next to Luis Muñoz, was the dominant figure in the Puerto Rico renaissance of the 1950s."--Thomas L. Hughes, Carnegie Endowment for International Peace "Maldonado does a superb job in presenting Teodoro Moscoso's role generally and the decisive actions he took at critical junctures in particular."--Rafael de Jesús Toro, dean of business administration, Interamerican University of Puerto Rico, and professor of economics, University of Puerto Rico A. W. Maldonado tells the story of Puerto Rico's extraordinary climb from poverty to economic success. Operation Bootstrap, a program conceived, promoted, and implemented by Teodoro Moscoso (1910-1992), succeeded in attracting worldwide capital investment that by the mid-1950s had transformed the island from an economic backwater into a bustling industrial society. Though much of the credit went to Puerto Rico's governor, Luis Muñoz Marín, Maldonado focuses on Moscoso to describe how and why the economic miracle took place. Moscoso was deeply involved in all aspects of the Puerto Rican economy and culture, and Maldonado follows his relationships and battles on a number of fronts, from his initial differences with Rexford Tugwell, the last American governor of the island, to conflicts with Governor Muñoz, who was constantly concerned that Moscoso was pushing change too quickly. In the worlds of business and culture, Maldonado shows how Moscoso employed advertising guru David Ogilvy to propagate the image of a people engaged in a cultural renaissance. He also highlights Moscoso's decisive actions at critical junctures (such as his success in pushing tax exemptions and tourism in the late 1940s) and his personal persuasiveness, as with Pablo Casals, who at the age of eighty was persuaded to establish his Casals Festival at San Juan. Maldonado shows that Moscoso was the architect of the "economic miracle" that economists and presidents believed could not happen in Puerto Rico. His account sheds new light on the man who provided U.S. administrations with a democratic success story to counter the allure of the Cuban revolution and who was called on by President John F. Kennedy to organize and head the Alliance for Progress. A. W. Maldonado, a journalist in Puerto Rico for 37 years, is a former editor of El Mundo and El Reportero and currently writes a column for the San Juan Star. His articles have appeared in numerous U.S. publications, including the New York Times, Los Angeles Times, Baltimore Sun, Christian Science Monitor, Newsday, and The Nation.

Islands of Resistance

Islands of Resistance
Author: Mario Murillo
Publisher: Seven Stories Press
Total Pages: 100
Release: 2011-01-04
Genre: History
ISBN: 1609801180

While 1998 marked the 100th anniversary of the United States' invasion and takeover of Puerto Rico, it wasn't until 1999 that the island's political movements reappeared on the radar screen of the American people. That year, two major developments occurred that transformed the relationship between Puerto Rico and Washington, D.C.: the limited clemency granted by then-President Clinton to eleven Puerto Rican Nationalists, and the death of Puerto Rican civilian security guard David Sanes, killed by missile fragments from U.S. naval bombing tests on the island municipality of Vieques. How does Vieques fit into the political future of Puerto Rico? While anti-Navy protesters are careful not to mix the island's political status options with their battle against the Navy, it is important to understand the role Washington has played in shaping Puerto Rico's current reality and how it has allowed the Navy to use Vieques as a bombing range for 60 years. It also helps one begin to predict what is the future of Puerto Rico. Is it to be a colony? Fifty-first state of the United States? Sovereign nation? In Islands of Resistance, Mario A. Murillo approaches these questions by examining how Puerto Rican politics have been shaped as much by 100 years of U.S. economic, military, and cultural domination of the territory, as by the enduring grassroots resistance of the Puerto Rican people. Islands of Resistance puts the contemporary situation in Puerto Rico into an historic context that will help people understand what is at stake in Vieques, not only for Viequenses, but for Puerto Ricans, both on the island and in the diaspora.

American Empire and the Politics of Meaning

American Empire and the Politics of Meaning
Author: Julian Go
Publisher: Duke University Press
Total Pages: 392
Release: 2008-03-14
Genre: Social Science
ISBN: 0822389320

When the United States took control of the Philippines and Puerto Rico in the wake of the Spanish-American War, it declared that it would transform its new colonies through lessons in self-government and the ways of American-style democracy. In both territories, U.S. colonial officials built extensive public school systems, and they set up American-style elections and governmental institutions. The officials aimed their lessons in democratic government at the political elite: the relatively small class of the wealthy, educated, and politically powerful within each colony. While they retained ultimate control for themselves, the Americans let the elite vote, hold local office, and formulate legislation in national assemblies. American Empire and the Politics of Meaning is an examination of how these efforts to provide the elite of Puerto Rico and the Philippines a practical education in self-government played out on the ground in the early years of American colonial rule, from 1898 until 1912. It is the first systematic comparative analysis of these early exercises in American imperial power. The sociologist Julian Go unravels how American authorities used “culture” as both a tool and a target of rule, and how the Puerto Rican and Philippine elite received, creatively engaged, and sometimes silently subverted the Americans’ ostensibly benign intentions. Rather than finding that the attempt to transplant American-style democracy led to incommensurable “culture clashes,” Go assesses complex processes of cultural accommodation and transformation. By combining rich historical detail with broader theories of meaning, culture, and colonialism, he provides an innovative study of the hidden intersections of political power and cultural meaning-making in America’s earliest overseas empire.

Leaders, Leadership, And U.s. Policy In Latin America

Leaders, Leadership, And U.s. Policy In Latin America
Author: Michael J. Kryzanek
Publisher: Routledge
Total Pages: 193
Release: 2019-04-05
Genre: Business & Economics
ISBN: 0429722311

This book focuses on the future of Latin American leaders and the relationship of these leaders to the United States. It examines the ways in which the critical interaction between individual leaders and the U.S. policy community affects the substance and direction of hemispheric relations.

The Battle for Paradise

The Battle for Paradise
Author: Naomi Klein
Publisher: Haymarket Books
Total Pages: 53
Release: 2018-06-05
Genre: Social Science
ISBN: 1608464318

Fearless necessary reporting . . . Klein exposes the ‘battle of utopias’ that is currently unfolding in storm-ravaged Puerto Rico” (Junot Díaz, author of The Brief Wondrous Life of Oscar Wao) “We are in a fight for our lives. Hurricanes Irma and María unmasked the colonialism we face in Puerto Rico, and the inequality it fosters, creating a fierce humanitarian crisis. Now we must find a path forward to equality and sustainability, a path driven by communities, not investors. And this book explains, with careful and unbiased reporting, only the efforts of our community activists can answer the paramount question: What type of society do we want to become and who is Puerto Rico for?” —Carmen Yulín Cruz, Mayor of San Juan, Puerto Rico In the rubble of Hurricane Maria, Puerto Ricans and ultrarich “Puertopians” are locked in a pitched struggle over how to remake the island. In this vital and startling investigation, bestselling author and activist Naomi Klein uncovers how the forces of shock politics and disaster capitalism seek to undermine the nation’s radical, resilient vision for a “just recovery.” All royalties from the sale of this book in English and Spanish go directly to JunteGente, a gathering of Puerto Rican organizations resisting disaster capitalism and advancing a fair and healthy recovery for their island. “Klein chronicles the extraordinary grassroots resistance by the Puerto Rican people against neoliberal privatization and Wall Street greed in the aftermath of the island’s financial meltdown, of hurricane devastation, and of Washington’s imposition of an outside control board over the most important U.S. colony.” —Juan González, cohost of Democracy Now! and author of Harvest of Empire: A History of Latinos in America

The Business of Empire

The Business of Empire
Author: Jason M. Colby
Publisher: Cornell University Press
Total Pages: 289
Release: 2011-10-27
Genre: History
ISBN: 080146272X

The link between private corporations and U.S. world power has a much longer history than most people realize. Transnational firms such as the United Fruit Company represent an earlier stage of the economic and cultural globalization now taking place throughout the world. Drawing on a wide range of archival sources in the United States, Great Britain, Costa Rica, and Guatemala, Colby combines "top-down" and "bottom-up" approaches to provide new insight into the role of transnational capital, labor migration, and racial nationalism in shaping U.S. expansion into Central America and the greater Caribbean. The Business of Empire places corporate power and local context at the heart of U.S. imperial history. In the early twentieth century, U.S. influence in Central America came primarily in the form of private enterprise, above all United Fruit. Founded amid the U.S. leap into overseas empire, the company initially depended upon British West Indian laborers. When its black workforce resisted white American authority, the firm adopted a strategy of labor division by recruiting Hispanic migrants. This labor system drew the company into increased conflict with its host nations, as Central American nationalists denounced not only U.S. military interventions in the region but also American employment of black immigrants. By the 1930s, just as Washington renounced military intervention in Latin America, United Fruit pursued its own Good Neighbor Policy, which brought a reduction in its corporate colonial power and a ban on the hiring of black immigrants. The end of the company's system of labor division in turn pointed the way to the transformation of United Fruit as well as the broader U.S. empire.

Doing Business 2020

Doing Business 2020
Author: World Bank
Publisher: World Bank Publications
Total Pages: 254
Release: 2019-11-21
Genre: Business & Economics
ISBN: 1464814414

Seventeen in a series of annual reports comparing business regulation in 190 economies, Doing Business 2020 measures aspects of regulation affecting 10 areas of everyday business activity.