Puerto Rico Economic Pulse ©

July 2009: Should Puerto Rico Fear Cuba?

On the opportunities a future Cuba entails for PR

After five decades of totalitarianism, Cuba is closer to an economic transition. The ultra-centralized economic model is crumbling and Cubans, as well as the rest of the world, are claiming for changes. The new US administration has bet on a more flexible and open policy to make Cuba embrace back the market economy.  Puerto Rico will not remain indifferent to such a milestone.  Many cultural, historical, and even family bonds tie these two islands. The eventual economic openness of Cuba has raised many concerns in Puerto Rico. Many believe Cuba is a big threat to Puerto Rico, in particular its tourist market. It is time to bring down this myth. This issue addresses a new world of opportunities for PR.