Puerto Rico Economic Pulse ©

April 2003: Bringing Down Some Myths

The transformation of the Puerto Rico economy unveils new links

Puerto Rico’s economy is experiencing a transformation. Our bonds with the mainland are now stronger, but the nature of this long relationship is radically changing. The former ties with the US are being replaced by new and more sophisticated links, especially in the finance field.  Common but wrong beliefs about some sectors blur the comprehension of the economy. Understanding these changes is a necessary condition to design a long run economic plan. In this issue, we unveil some of these new features of the PR economy. This sheds new light on some apparently irreconcilable conflicts facing our economy.