Can Puerto Rico Return to Growth?
July 8, 2015
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1:18:14Now PlayingCan Puerto Rico Return to Growth?
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as posted by the channelPuerto Rico Governor Alejandro García Padilla has announced that the commonwealth’s $72 billion debt “is not payable.” Puerto Rico’s debt crisis has been brought on by persistent deficits and two decades of low growth. The Puerto Rican economy is in depression. In a report commissioned by the government of Puerto Rico, distinguished economist Anne Krueger and her co-authors bluntly reported on the sorry state of economic policy in Puerto Rico. What can the Puerto Rican government do to restore incentives, opportunity, and growth? What can Congress do to enhance economic freedom and support the commonwealth’s reforms?
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