For the past 50 years, every Puerto Rico government produced an economic development plan. Academia and the private sector added numerous studies. None of the plans have been implemented, the studies keep piling up, and Puerto Rico’s economy isn’t growing. What is holding Puerto Rico back is not a lack of ideas or resources. What …
Op-Ed: The pace of Puerto Rico’s economic Recovery Read More »
In Puerto Rico’s economy with low formal labor participation, structural reform must include reducing barriers to employment. Puerto Rico must improve education and develop high-quality worker training programs that empower all residents to reach their fullest potential and enter the labor force. Knowledge, skills, and competencies are the three attributes that define the term human …
Op-Ed: Skills to strengthen Puerto Rico’s formal economy Read More »
Author: Estudios Técnicos Inc. The report presents an overview of human capital development in Puerto Rico based on the commonly used indicators of this concept, mainly education. It provides an international and national comparison that includes Puerto Rico for educational attainment and outcomes of education, which is a key indicator. In short, the report should …
Author:Estudios Técnicos Inc. The report provides an assessment of the current state of Puerto Rico’s economic data. The study provides specific recommendations to maintain valuable economic data that is at risk of being lost, while also recommending the creation of additional economic accounts that may play a useful role in policy making. The recommendations provided …
Author: Estudios Técnicos Inc. The report consists of an annotated bibliography of the most significant studies and economic development plans that have been published during the past four decades. The bibliography illustrates there is no shortage of studies documenting what should be done to foster economic development in Puerto Rico. The problem is clearly one …
Report: The Study of Economic Development in Puerto Rico Read More »
Overview This brief essay discusses what is meant by economic development, and what are the main barriers to obtaining it given the knowledge and resources we have at our disposal. Puerto Rico has had many economic development plans, but none have actually been implemented in a continuous manner throughout political administrations. This analysis also emphasizes …