1. Why Puerto Rico's Economy Matters for U.S. Security
- Author:
- Jose J. Villamil
- Publication Date:
- 01-2014
- Content Type:
- Working Paper
- Institution:
- Center for Strategic and International Studies
- Abstract:
- Puerto Rico's economic situation circa 1950 was vastly different than today's. In the 1940s through the first half of the 60s, the island experienced a sustained boom, with annual growth rates on the order of 7 percent; the island was hailed as a model for developing countries. It instituted major reforms in government, economic and social programs, and the health sector. Puerto Rico, in coordination with the U.S. federal government, hosted thousands of observers from around the world who came to Puerto Rico to learn about its successful development model.
- Topic:
- Crime, Economics, Narcotics Trafficking, and Financial Crisis
- Political Geography:
- United States