04794cam a2200661 i 4500 22093218 BJBSDDR 20241021110907.0 ta 210620s2021 inu b 001 0 eng d 2021941548 GBC1B6924 bnb 020271264 Uk 0268200971 (hardcover) 9780268200978 (hardcover) 9780268200992 (electronic publication) (OCoLC)on1231548368 YDX eng YDX rda BDX UKMGB OCLCO IND YDX OCLCF OBE OCLCQ OCLCO IAC OCL DLC eng lccopycat nwpr--- n-us--- HD 3616 M244b 2021 338.97295 Maldonado, A. W. 38808 Boom and bust in Puerto Rico : how politics destroyed an economic miracle / A.W. Maldonado. Notre Dame, Indiana : University of Notre Dame Press, 2021. ix, 254 pages ; 24 cm. text txt rdacontent unmediated n rdamedia volume nc rdacarrier Includes bibliographical references (pages 217-232) and index. Prologue -- Introduction -- Part I . The Rise And Fall -- One. Operation Bootstrap -- Two. Operation Bootstrap and the Statehood Surge -- Three. The Demise of Section 936 -- Four. The Turning Point -- Five. The Breakdown of the Public Corporations -- Six . The Demise of the Government Development Bank -- Seven. "That Is Nuts": Puerto Rico's Labor Policy -- Eight. Will Puerto Rico Become a State? -- Nine. The Future of Puerto Rico -- Part II . The His Torical Context -- Ten. A "Troubled" Relationship -- Eleven. A Century of Miscommunication and Misunderstanding -- Epilogue. The Pandemic, the "Curse," the "Fix" -- Notes -- Index. In this engaging and approachable book, journalist A. W. Maldonado charts the rise and fall of the Puerto Rican economy and explains how a litany of bad political and fiscal policy decisions in Washington and Puerto Rico destroyed an economic miracle. Under Operation Bootstrap in the 1950s and '60s, the rapid transformation and industrialization of the Puerto Rican economy was considered a "wonder of human history," a far cry from the economic "death spiral" the island's governor described in 2015. Boom and Bust in Puerto Rico is the story of how the demise of an obscure tax policy that encouraged investment and economic growth led to escalating budget deficits and the government's shocking default of its $70 billion debt. Maldonado also discusses the extent of the devastation from Hurricane Maria in 2017, the massive street protests during 2019, and the catastrophic earthquakes in January 2020. After illuminating the century of misunderstanding between Puerto Rico and the United States--the root cause of the economic crisis and the island's gridlocked debates about its political status--Maldonado concludes with projections about the future of the relationship. He argues that, in the end, the economic, fiscal, and political crises are the result of the breakdown and failure of Puerto Rican self-government. Boom and Bust in Puerto Rico is written for a wide audience, including students, economists, politicians, and general readers, all of whom will find it interesting and thought provoking. Provided by publisher. Financial crises Puerto Rico. Crisis financiera Puerto Rico 1782 Political Science Puerto Rico. Ciencia política Puerto Rico 101 Puerto Rico Economic conditions 1952- Puerto Rico Condiciones económicas 1952- 17503 Puerto Rico Economic policy. Puerto Rico Política económica 22252 Puerto Rico Foreign economic relations United States. Puerto Rico Relaciones económicas exteriores Estados Unidos 39012 United States Foreign economic relations Puerto Rico. Estados Unidos Relaciones económicas exteriores Puerto Rico 1775 Puerto Rico Foreign relations United States. Puerto Rico Relaciones exteriores 39013 United States Foreign relations Puerto Rico. Puerto Rico Politics and government 1952-1998. Puerto Rico Politics and government 1998- Puerto Rico Política y gobierno Siglo XX 17502 Ebook version : 9780268200992 7 cbc copycat 2 epcn 20 y-gencatlg lcc BK dpf 122193 122193 0 0 lcc 0 0 CS BJB BJB CS 2024-10-09 0 HD 3616 M244b 2021 00000186630 2024-10-09 00:00:00 1 2024-10-09 BK