Description
Book SynopsisThis book argues that it is in the best interests of Puerto Rico and the United States to set policies to move toward political independence for Puerto Rico. It explores, theoretically and empirically, aspects of trade, industry, and market-based environmental policies in the context of the US–Puerto Rico relationship.
Trade ReviewThe promising growth in incomes that Puerto Ricans experienced after the initial surge of industrialization in the 1950s did not persist. Instead, the economy has languished within the constraints of being not-quite part of the U.S., but not autonomous either. Luis Gautier makes a strong case for a more outward-looking, trade-based focus for the future. His argument relies on economic theory and theoretical arguments, bolstered by empirical evidence, something too often missing in studies of the Puerto Rican dilemma. Further, Professor Gautier’s corollary rationale for political independence is founded on the conclusions of his economic analysis, which suggest that more robust trade-based growth is only possible with greater autonomy from the U.S. -- James L. Dietz, California State University, Fullerton
Table of ContentsAcknowledgments Preface Chapter 1: Trade and Independence for Economic Development Chapter 2: Market Potential and International Trade Chapter 3: Foreign Direct Investment Under Fiscal Interdependence When Policy Is Set Unilaterally Chapter 4: Unilateral Policy and Foreign Competition Chapter 5: Lobbying in the Presence of Foreign Competition Chapter 6: Developing Domestic Industry and Jobs: The Role of the Local Content Requirement Chapter 7: Income Convergence and Sustained Growth: A Comment Chapter 8: Market-based Environmental Policy in Puerto Rico Appendix References
