CNE – Centro Para Una Nueva Economía – Center for a New Economy
Non-profit, economic research and policy development organization
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.
Recientemente se publicó en un diario del país una preocupante nota donde se fustiga y se culpa a la comunidad judía en Puerto Rico por toda una serie de problemas. Leerla me causó sorpresa y consternación, pero más me sorprendió que en los días siguientes no vi ninguna respuesta en defensa o por lo menos condenando tales comentarios y tal actitud.
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 años de haber participado de los trabajos del Informe CNE/Brookings sobre la economía de Puerto Rico, el Dr. Barry Bosworth, Senior Fellow del Instituto Brookings, encuentra que la situación económica de Puerto Rico se ha deteriorado marcadamente. En parte, este deterioro se debe al impacto de la profunda crisis económica y financiera a nivel global.
On October 3, 1863, President Abraham Lincoln issued a proclamation inviting his fellow citizens to “… in every part of the United States, and also those who are at sea and those who are sojourning in foreign lands, to set apart and observe the last Thursday of November next, as a day of Thanksgiving and Praise to our beneficient Father who dwelleth in the Heavens.”
Una de las preguntas que más a menudo me hacen es cuál debería ser la estrategia para hacer crecer la economía de Puerto Rico. Típicamente lo que buscan es la ansiada bala plateada con la cual matar al vampire de la recesión.
On May 28th, 2008 then governor Aníbal Acevedo Vilá signed Puerto Rico’s new tax incentives law, which we described as the time as another attempt in the long line of mostly futile efforts undertaken since 1976 to resuscitate Puerto Rico’s flawed economic development model based on tax breaks.
So said Aristotle, warning his students against making bold predictions based on scant evidence. It is in this light that we should interpret the most recent change in the Government Development Bank’s Economic Activity Index, which showed a slight increase in its absolute value from 134.27 in August to 135.32 in September, which is equivalent to a month over month increase of 0.78%.
