CNE – Centro Para Una Nueva Economía – Center for a New Economy
Non-profit, economic research and policy development organization
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In this installment of our Focus 2020 series, we take a look at how the implementation of a modern industrial policy could help on both fronts: generating endogenous growth and spearheading institutional reforms. We also take a look at Europe and its transformation during pandemic times.
During the past couple of weeks, plenty has been inferred over the future composition of Puerto Rico’s new Financial Management and Oversight Board. In this post we shed some color on the appointments process and what is before the U.S. government at this time.
Hace unos meses tuve la oportunidad de leer una entrada en el blog de Howard S. Marks, cofundador y copresidente de Oaktree Capital Management, titulada “Knowledge of the Future”. Según Marks, “hoy en día todo el mundo tiene los mismos datos sobre el presente y la misma ignorancia sobre el futuro”.
In the fourth installment of our Focus 2020 series, we analyze the land value capture theory as a way to improve municipal performance. We also highlight a piece on the impact of Airbnb on the housing market in Puerto Rico.
In the third week of the Focus 2020 series we want, first, to take a step away from the war of federal funding figures and review lessons of the path towards a fair reconstruction. Second, we present a summary of how much reconstruction funding has been appropriated, obligated, and spent. Finally, we present a set of questions we believe should be answered as the reconstruction process moves forward. In addition, we provide a primer on the mechanics of the Electoral College in the United States.
With less than five weeks to the general election in the United States, the partisan temperature is rising as politicians and their lawyers plot their electoral strategies.
Four years since the enactment of PROMESA, the island of Puerto Rico is still grappling with nearly 15 years of economic contraction and a bankruptcy process that appears to have no end in sight. Making matters worse, just a year after PROMESA was signed into law, Puerto Rico was struck by not one but two devastating hurricanes in a span of 14 days.
In the second week of our Focus 2020 series, we try to answer the question: Can we Rebuild Puerto Rico’s State Capacity? Puerto Rico had a high degree of state capacity, but with time those skills, capabilities, and resources eroded due to several reasons. Even as Puerto Rico faces multiple crises today, its government is being called to execute at a high level. This gap between low capacity and high expectations is perhaps the most important political issue we face right now.
