CNE – Centro Para Una Nueva Economía – Center for a New Economy
Non-profit, economic research and policy development organization
Cuando publicamos nuestro Informe de CNE/Brookings hace dos años, de las primeras presentaciones que hicimos fueron las de Nueva York. Era vital para nosotros llevar el mensaje de la situación económica de Puerto Rico a un grupo importante de nuestra diáspora.
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.
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.
In August of 2005, the Center for the New Economy published a research paper entitled “Restructuring the Puerto Rico Electricity Sector”. In that report we noted that the Puerto Rico Electric Power Authority suffered from various financial and operating inefficiencies that should be corrected as soon as possible.
En agosto de 2005, el Centro para la Nueva Economía publicó un estudio sobre la reestructuración de la industria eléctrica en Puerto Rico. En ese informe alertamos que la Autoridad de Energía Eléctrica en Puerto Rico sufría de varias deficiencias financieras y operacionales que debían ser atendidas a la mayor brevedad posible.
In August of 2005, the Center for the New Economy (CNE) published a research paper entitled “Restructuring the Puerto Rico Electricity Sector”. In that report we noted that the Puerto Rico Electric Power Authority (PREPA) suffered from various financial and operating inefficiencies that should be corrected as soon as possible. In this update we find, unfortunately, that most of those deficiencies are still present three years later.
About a month ago the Puerto Rico Treasury Department released the preliminary revenue figures for fiscal year 2008. General fund net revenues totaled $8.252 billion, which is $610 million, or 6.88 percent, less than the $8.862 billion collected during the previous fiscal year.
Puerto Rico necesita que su economía comience a crecer nuevamente. Para lograr esto, es necesario poner más gente a trabajar; crear más 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 inversión, y estimular la creación de buenos empleos en el sector privado.
