During the past 12 months, Puerto Rico’s economic activity has gained ground, as the recession is no longer deepening. This scenario is in addition to the appearance of the first signs of an early recovery stage — albeit moderate — and seeing the first pieces of evidence indicating that the recession is over.
With an economy still struggling and health costs soaring, many United States residents are opting to seek quality medical care at lower prices, and this is a niche that has enormous potential for Puerto Rico, as the island offers high quality healthcare at 40 percent to 60 percent less than the U.S.
One of the many consequences of globalization, and of the technological change that to a significant extent made it possible, is that the meaning of terms used in economic development has changed.
Dr. John Stewart, who worked for many years as an economic advisor at the Puerto Rico Industrial Development Company, used to say that if you tortured the statistics long enough, they would tell you what you wanted to hear.
According to Internet World Stats, an organization that periodically records the advancement of the Internet worldwide, more than 1.6 million people are connected to the web in Puerto Rico, this is almost half of the population and 50 percent more than thosw who were connected two years ago.
Assume for a moment that a company has just recruited you, after being thoroughly evaluated by its directors and after having competed with dozens of candidates aspiring for the same position as you.
The recent public announcement regarding the extension of the Foreign Trade Zone (FTZ) to the Rafael Hernandez Airport in the northwestern town of Aguadilla could produce a renewed interest from domestic and global businesses concerning the purpose and niceties of this international trade operation.
The adoption of the State Housing Plan: 2011-2015 a year ago was a key event. What has transpired since it was adopted by the Government of Puerto Rico and the federal Housing and Urban Development Department (HUD) in September 2011 is equally significant.
Some people in Puerto Rico think that there are too many studies and too little action. The real problem is that there are too few good studies and too much action based on faulty information.
Many people believe that by purchasing a fake Rolex or an uncanny similar pair of Gucci sunglasses, there’s no harm done whatsoever. Otherwise law-abiding citizens do not consider the implications of purchasing a knock-off version of a branded product.
Each year, 250,000 service members make the transition from military service to civilian life. Here in Puerto Rico, more than 100,000 veterans call this area home.
I believe we’ve wasted our time trying to classify the unclassifiable. At least in this island. The government sector tries to establish margins, limits and a string of definitions on a sector that does not necessarily look like, or identify with, those efforts.
Private and post-secondary institutions represent an important economic and social mobility tool in Puerto Rico’s economy, according to the findings of a study conducted by the Estudios Técnicos research firm.
Those were the words used by the youngsters of Barrio Aguirre in the municipality of Salinas to describe their community.
The Internet has made it easy for many small businesses or individuals to purchase products and services at competitive prices from anywhere around the world.
NIMB ON SOCIAL MEDIA