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Puerto Rico has one of the most dynamic economies in the Caribbean region. Plantation sugar production dominated Puerto Rico's economy until the 1940s. Industry has surpassed agriculture as the primary sector of economic activity and income. Encouraged by duty free access to the U.S. and by tax incentives, U.S. firms have invested heavily in Puerto Rico since the 1950s (U.S. minimum wage laws apply). As a result, Puerto Rico's export and import has prospered, nearly doubled between fiscal years 1987 and 1997.

Recently the economy has suffered budget cuts from U.S. The Puerto Rican economy has depended heavily on the tax incentives given to U.S. mainland companies and on federal transfers. In 1993, President Clinton aimed to cut the Section 936 tax exemption for U.S. companies and introduced legislation to Congress to replace it with a more modest tax credit linked to wages paid by those companies in Puerto Rico rather than to profits.

2007-01-07 10:39:56 · 3 answers · asked by Anonymous in Social Science Economics

3 answers

i got the story that the upper crust moved to the mainland to service the new Latinos coming to America cause the economy is much better here that on the island, the doctors and lawyer and dentist all are headed here to reap the Mexicans coming over the borders so they don't have to learn or do American customs, so in view of this i couldn't care what happens to them, we loose here either way and i was on the 1958 gymnastics team that was sent there for a 2 months tour of the island doing good well in every town from mayaquis to San Juan to keep Castro and his communism at bay in the old days

2007-01-07 10:52:11 · answer #1 · answered by bev 5 · 0 0

You can summarize this all by yourself. Check some samples and see some guidelines. Also, you can have some professional summarizing services working for you. They are the experts and also offer their services at a reasonable price range.

2014-01-29 12:40:37 · answer #2 · answered by Anonymous · 0 0

Vacationland.

2007-01-07 18:45:02 · answer #3 · answered by Bullwinkle 4 · 0 1

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