A good analysis of Puerto Rico’s economic woes:
The Puerto Rican
Problem by JAMES SUROWIECKI
SUROWIECKI states:
“…This has left Puerto
Rico scrambling to come up with a new economic strategy, and there are plans
for the island to “reinvent” itself—plans replete with buzzwords of the moment,
such as “cloud computing,” “the app economy,” and “innovative entrepreneurship.”
There’s nothing wrong with any of these ideas—entrepreneurship is great. But
what’s missing is a focus on a simple question: what can Puerto Rico offer that
other locations can’t? As Guillén puts it, in a world where capital hopscotches
freely from place to place, “countries need to capitalize on their distinctive
advantages.””