CNE – Centro Para Una Nueva Economía – Center for a New Economy
Non-profit, economic research and policy development organization
El Banco de la Reserva Federal de Nueva York present贸 hoy su an谩lisis sobre la econom铆a de Puerto Rico y la situaci贸n del empleo en la isla.聽 Con respecto a la econom铆a, la FED report贸 que la recesi贸n en Puerto Rico antecede a la recesi贸n en los Estados Unidos por dos a帽os y 茅sta ha sido mucho m谩s profunda en la isla.
During the last few years economists and non-governmental institutions have studied the link between governance and economic performance. According to the World Bank, governance consists of the traditions and institutions by which authority in a country is exercised.
Imagine it is the year 2035 and all international trade and travel has halted to a dead stop due to the sudden appearance of a highly contagious disease hitherto unknown to humanity.聽 The good news is that Chinese Pharmaceutical Company, which is majority-owned by the Chinese government, has developed a highly effective vaccine against this disease.聽 The bad news is that it will cost the government of Puerto Rico $2 billion to acquire sufficient doses to protect its population.
What should we consider as progress in the 21st Century? 聽How can we measure such progress? 聽These are two provocative questions that the global project on Measuring the Progress of Societies, directed by the Organization for Economic Cooperation and Development (OECD), attempts to elucidate.
Puerto Rico currently has a tax system that no one consciously would have built from the ground up. It is unduly burdensome to administer and enforce; it is inequitable, along both horizontal and vertical dimensions; it oftentimes encourages the inefficient allocation of resources and it inflicts enormous damage to our competitiveness.
In 2009, according to The Economist magazine, world output shrank by more than 1 percent, the first time since 1945 that it has declined on a year-over-year basis. At the same time, years of excessive lending and irrational asset pricing finally caught up with the world’s financial system.
This year was a tough and difficult one for the Puerto Rican economy. In part due to the Great Recession and the financial crises that have adversely affected economic activity around the world since 2007.
A casi cuatro a帽os de haber participado de los trabajos del聽Informe CNE/Brookings sobre la econom铆a de Puerto Rico, el聽Dr. Barry Bosworth,聽Senior Fellow聽del Instituto Brookings, encuentra que la situaci贸n econ贸mica de Puerto Rico se ha deteriorado marcadamente.聽 En parte, este deterioro se debe al impacto de la profunda crisis econ贸mica y financiera a nivel global.
