June 1999: Is Puerto Rico Ready for Regional Competition?
The new economic model arises out of this need
It has become second nature to assume that Puerto Rico is essentially an integrated economic region of the United States. There are, however, some key sectors of the Puerto Rican economy that can be affected by other Caribbean economies in the region. Specifically, tourism and services represent two areas that must fight for a share of the regional markets. Furthermore, these are two of the strategic areas in the new model for PR. It is, then important to find out how Puerto Rico fares in the region. Newly integrated world and regional markets and the possibility of further Cuban competition only stress the need for Puerto Rican businesses to be prepared. Learn how PR is doing and what it can do to maintain its position in the region.