Puerto Rico

Lights and Shadows of the Puerto Rican Business Environment

Essays /

The existence of a business-friendly environment that facilitates investment, entrepreneurship, and business growth is of utmost importance for the economic development of any country. This becomes more relevant today, as companies, entrepreneurs, and productive factors—always scarce—can relocate to places where conditions are more favorable, creating a status quo in which countries constantly compete—at both regional and global scales—to attract investment and talent.

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Essays

Alberto Gómez Hernández
March 26, 2024
empresarial puertorriqueño

The reforms that will save Puerto Rico

Free Market /

The preliminary costs of the bankruptcy, amounting to $1 billion so far, should be a powerful incentive for us to force structural reforms that will save Puerto Rico from a second bankruptcy and an economic cliff. It would be an act of collective folly to ignore the reasons that led us into the fiscal hole and to have become the first state government in the United States to file for bankruptcy.

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Free Market
Gustavo Velez
March 23, 2023

Chapter 3: A First Look at Economic Freedom in Puerto Rico

Reports /

This annual report measures the extent to which the policies of individual jurisdictions are supportive of economic freedom. Puerto Rico was included in 2022, for the first time, shedding light on the components and areas that affect the ability of individuals to participate in the economic sphere without undue restrictions.

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Reports

Ángel Carrión-Tavárez
January 9, 2023

The states and territories, their domestic migration and the economic liberty

Migration /

Migration is used as a factor to assess the economic freedom of regions, states, and localities. When we investigated the inbound and outbound domestic migration trends of the US, from 2011 to 2019, we found that states and territories where economic freedoms were promoted had higher inbound migrations.

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Migration
Milton J. Quiles
May 25, 2022
The states and territories

Give Floridians Additional Choices Alongside Obamacare

Uncategorized /

Opening Florida’s market would provide a much‐​needed dose of competition. Federal and state regulations create so many barriers to competition that in 2019, just two insurers controlled 92% of Florida’s individual health insurance market. Allowing insurers in Puerto Rico, Guam, and the U.S. Virgin Islands to compete in a market as vast as Florida’s could create an economic boom in those territories.

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Uncategorized
Michael F. Cannon
May 16, 2022

Entrepreneurship or populism: the two routes for Puerto Rico

Economic Liberty /

Faced with the failure of the State and with it the ability to finance populist measures, there is no other route than to build a society and an economy based on entrepreneurship and business initiative. Individual freedom and the promotion of self-effort as guiding principles of a new socioeconomic model supposes a complete reengineering of the prevailing thought during the second half of the 20th century and so far in the 21st century.

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Economic Liberty
Gustavo Velez
May 10, 2022

Peace Through Strength Requires Economic Freedom

Economic Liberty /

It is time to revitalize the system that made America the world’s economic colossus, won the Cold War, and moved billions out of poverty world-wide, including hundreds of millions in China. No nation will ever be as productive as the U.S. while the American economy is powered by limited government, economic freedom, and free markets.

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Economic Liberty
Phil Gramm
March 1, 2022
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