Puerto Rico Economic Pulse ©

July 2001: Interface with Technology II

Towards a New Strategy of Economic Development

In the last issue, we presented a comparative analysis of what has been done in the field of R&D in Puerto Rico over the past several years, and the challenges that we still face today. The main challenge is how we can make Science and Technology influence the growth curve of our economy and improve its competitiveness. We have advanced somewhat in some areas, in others, such as education and our capacity for innovation there is still a lot to be done. As indicated before, Puerto Rico has the elements for success. The key here is how to build a critical mass and capabilities to achieve a new level of economic growth, to create a breakthrough from a dependent manufacturing economy to a self-sufficient industrial economy. The objective in this issue is what should be The Puerto Rico Solution.