Even with the economic growth that the country has registered and the allocation of millions in federal funds, Puerto Ricans indicated that they have a pessimistic perception of Puerto Rico's economy, both now and in the future, according to a study by the Institute for Economic Liberty (ILE).
Puerto Ricans pessimistic about Puerto Rico's economy Read More »
The Institute for Economic Liberty (ILE) published the results of a study on the knowledge of and affinity for free market principles in Puerto Rico. The study covered the four main pillars of the free market: "Individual Freedom", "Rule of Law", "Right to Private Property" and "Limited Government", and topics such as "Puerto Rico's Current Situation", "Social Welfare" and "Meritocracy", among others.
Survey on the Free Market in Puerto Rico Read More »
But nearly all respondents value individual merit as a priority in professional advancement.
Study of free market principles finds widespread belief that favoritism rules in PR Read More »
88% of those surveyed in the research "The Free Market in Puerto Rico 2022" said that the local economy is in a bad moment.
People think the economy is very bad, survey reveals Read More »
The Institute of Economic Liberty (ILE) published the results of an investigation on the knowledge of the principles of the free market and the affinity with them in Puerto Rico. The study covered the four main pillars of the free market: “Individual liberty,” “Rule of law,” “Private property rights,” and “Limited government”; and topics such as “current situation of Puerto Rico,” “social welfare,” and “meritocracy,” among others.
They claim that having 129 trades that require it works against Puerto Rico's development indicators.
Excess of occupational licenses affects the economy Read More »
They identify labor participation and energy issues as threats to economic growth.
Puerto Rico's economic challenges become visible Read More »
Economic freedom, the right to earn an honest living free from burdensome and unnecessary government intrusion, is an inalienable right of citizens. The U.S. Declaration of Independence recognizes that there are three unalienable rights given to all human beings by their Creator: life, liberty and the pursuit of happiness; and goes further to say that governments must protect these rights. The Bill of Rights of the Constitution of Puerto Rico stipulates in Section 16 that "The right of every worker to freely choose his occupation and to give it up..."
Economic freedom and prosperity in Puerto Rico Read More »
Licensing burdens for certain occupations in Puerto Rico remain high when compared to other states, hindering the island’s competitiveness and work opportunities, according to a recent report by the Institute for Justice (IJ), “License to Work: A National Study of the Burdens of Occupational Licensing.”
Licensing burdens for some occupations remain high in Puerto Rico, report says Read More »
The Institute for Justice (IJ), in collaboration with the Institute for Economic Liberty (ILE), conducted a report on the licensing process for low-income occupations in Puerto Rico, finding that many have more requirements than in other U.S. jurisdictions.
Increased obstacles to obtain occupational licenses in Puerto Rico Read More »
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