The University of Puerto Rico’s Fiscal Plan “unilaterally changes a significant part of our social contract, redistributing the risk and responsibility of providing higher education outside the state and toward the individual and the private sector,” said Sergio Marxuach, policy director at the Center for a New Economy. “The modern social contract in developed societies […]
Five years after the approval of the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA), the objectives, achievements and successes attained fall short, the Center for a New Economy concluded in the latest edition of its “CNE Review.” In it, the CNE examines PROMESA since its enactment in June 2016, makes an inventory of […]
Puerto Rico is facing several simultaneous crises, each one superimposed on top of the other. This situation demands a robust response from the government of Puerto Rico precisely when its capacity to execute is limited by bankruptcy, the politicization of public employment, years of austerity policies, and corruption. This conjunction of an overwhelming agenda and […]
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