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NPRChamber Releases Report on Puerto Rico's Economy

The National Puerto Rican Chamber of Commerce (NPRChamber) today released its report on Puerto Rico’s economy, which discusses its currently distressed economic status, as well as some of the historical factors that have led to its current state. Entitled “Puerto Rico’s Economy: A brief history of reforms from the 1980s to today and policy recommendations for the future,” the report further describes some of the structural reforms that have taken place over the last several decades, and concludes with a discussion of policy alternatives that should be considered for the present economy and into the future. “Over the last decade, Puerto Rico has undergone a number of policy shifts that have impacted its economy. But these changes have been but a brief moment in the context of what really led to Puerto Rico’s current economy,” said Executive Director Justin Vélez-Hagan. “Only through hindsight can we begin to understand what has led to the economic environment of Puerto Rico today,
Politics Exclusive Public Opinion Survey It’s the economy, “¿estúpido”? "It’s the economy, stupid," was a phrase in American politics widely used during the 1992 presidential campaign. Apparently it has been adopted by the residents of Puerto Rico. The economy seems to have become the major concern for Puerto Ricans for the current year. An October 2008 telephone poll of residents of the island showed that 61% of respondents, 6 out of every ten consider the economy the biggest problem facing Puerto Rico today. Crime and Drugs was ranked the second issue in importance, picked by 16% of those polled. To read the complete Puerto Rico Herald report, go to http://www.puertorico-herald.org/issues2/2008/vol12n01/PRR1101-Puerto-Rico-Report-en.html