Boom and Bust in Puerto Rico

Boom and Bust in Puerto Rico
Author :
Publisher :
Total Pages : 224
Release :
ISBN-10 : 0268200971
ISBN-13 : 9780268200978
Rating : 4/5 (978 Downloads)

Book Synopsis Boom and Bust in Puerto Rico by : A. W. Maldonado

Download or read book Boom and Bust in Puerto Rico written by A. W. Maldonado and published by . This book was released on 2021-08 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: Who is to blame for the economic and political crisis in Puerto Rico--the United States or Puerto Rico? This book provides a fascinating historical perspective on the problem and an unequivocal answer on who is to blame. In this engaging and approachable book, journalist A. W. Maldonado charts the rise and fall of the Puerto Rican economy and explains how a litany of bad political and fiscal policy decisions in Washington and Puerto Rico destroyed an "economic miracle." Under Operation Bootstrap in the 1950s and 60s, the rapid transformation and industrialization of the Puerto Rican economy was considered a "wonder of human history," a far cry from the economic "death spiral" the island's governor described in 2016. Boom and Bust in Puerto Rico is the story of how the demise of an obscure tax policy that encouraged investment and economic growth led to escalating budget deficits and the government's shocking default of its $70 billion debt. Maldonado also discusses the extent of the devastation from Hurricane Maria in 2017, the massive street protests during 2019, and the catastrophic earthquakes in January 2020. After illuminating the "century of misunderstanding" between Puerto Rico and the United States--the root cause of the economic crisis and the island's gridlocked debates about its political status--Maldonado concludes with projections about the future of the relationship. He argues that, in the end, the economic, fiscal, and political crises are the result of the breakdown and failure of Puerto Rican self-government. Boom and Bust in Puerto Rico is written for a wide audience, including students, economists, politicians, and general readers, all of whom will find it interesting and thought provoking.

Boom and Bust in Puerto Rico Related Books

Boom and Bust in Puerto Rico
Language: en
Pages: 224
Authors: A. W. Maldonado
Categories:
Type: BOOK - Published: 2021-08 - Publisher:

GET EBOOK

Who is to blame for the economic and political crisis in Puerto Rico--the United States or Puerto Rico? This book provides a fascinating historical perspective
Boom and Bust in Puerto Rico
Language: en
Pages: 318
Authors: A. W. Maldonado
Categories: History
Type: BOOK - Published: 2021-08-01 - Publisher: University of Notre Dame Pess

GET EBOOK

Who is to blame for the economic and political crisis in Puerto Rico—the United States or Puerto Rico? This book provides a fascinating historical perspective
Luis Muñoz Marín
Language: en
Pages: 472
Authors: A. W. Maldonado
Categories: History
Type: BOOK - Published: 2006 - Publisher: La Editorial, UPR

GET EBOOK

The book describes the most important events in Muñoz's life, played out within his own internal "civil wars": the transformation from a young bohemian, succed
Crude Volatility
Language: en
Pages: 336
Authors: Robert McNally
Categories: Business & Economics
Type: BOOK - Published: 2017-01-17 - Publisher: Columbia University Press

GET EBOOK

As OPEC has loosened its grip over the past ten years, the oil market has been rocked by wild price swings, the likes of which haven't been seen for eight decad
Boom and Bust in Puerto Rico
Language: en
Pages: 267
Authors: A. W. Maldonado
Categories: Electronic books
Type: BOOK - Published: 2021 - Publisher:

GET EBOOK