Economic Development

Puerto Rico’s Anemic Private Sector

Professors Steven Davis and Luis Rivera Batiz, in an analysis conducted for their contribution to the book The Economy of Puerto Rico: Restoring Growth, published in 2006 by the Center for the New Economy and the Brookings Institution, found that a “truly striking feature of Puerto Rico’s economy is the underdeveloped state of its private sector.” According to their analysis, private sector employment rates in Puerto Rico are less than half the U.S. rates in recent decades.

The Dangers of (de)Globalization

Between 1870 and 1914 the world lived the high point of the first era of economic globalization. The globe was effectively connected through railways, steamships, and telegraph lines.

Seeing Things in their Precise Shape and Color

The current economic situation, both locally and globally, is the most complicated the world has seen since the Great Depression. In the midst of all this complexity is it imperative that we see things as they really are in order to properly diagnose the situation and to prescribe the correct course of action.

La experiencia de Nueva York

Cuando publicamos nuestro Informe de CNE/Brookings hace dos a帽os, de las primeras presentaciones que hicimos fueron las de Nueva York. Era vital para nosotros llevar el mensaje de la situaci贸n econ贸mica de Puerto Rico a un grupo importante de nuestra di谩spora.

The Importance of Bond Ratings

Puerto Rico’s credit rating has been in the news recently. When the government of Puerto Rico or one of its agencies issues bonds, credit rating agencies, such as Moody’s Investors Service and Standard & Poor’s Rating Services, analyze various quantitative and qualitative factors that may affect the borrower’s ability and willingness to repay, including, but not limited to, the financial condition of the borrower, the prevailing economic conditions in the island, and the political environment at the time of going to the market.

The Determinants of Economic Growth

Ever since the days of Adam Smith, economists have struggled to understand the process of economic growth. While this effort has produced a better understanding the determinants of growth, many puzzles remain unsolved.

Diez ideas para Puerto Rico

Puerto Rico necesita que su econom铆a comience a crecer nuevamente. Para lograr esto, es necesario poner m谩s gente a trabajar; crear m谩s empleos en el sector privado; mejorar el clima de hacer negocios en la isla; y arreglar las finanzas del gobierno. Con esto mente presentamos diez ideas que nos ayudaran a incentivar el trabajo, el ahorro y la inversi贸n, y estimular la creaci贸n de buenos empleos en el sector privado.

Indicador econ贸mico: Deuda p煤blica total

驴Qu茅 nos dice el indicador? Una manera de examinar la sustentabilidad del Gobierno es analizando la proporci贸n entre la deuda p煤blica y el producto nacional bruto (PNB) a precios corrientes.