PUERTO RICO: INSIGHTS INTO ECONOMIC DEVELOPMENT POLICY, Volume V: Action from San Juan

Glenn Jenkins ()

No 2016-15, Development Discussion Papers from JDI Executive Programs

Abstract: Puerto Rico presents a grand opportunity for tourism. Today, thousands of hotel rooms, condominiums, and houses are vacant. These facilities allow a quick expansion of the tourist industry; visitors and local business will be able to take full advantage of the island’s wonderful natural resources. This volume presents two submissions to the Bipartisan Congressional Task Force on Economic Growth in Puerto Rico regarding “Actions from San Juan”. Firstly, Juan-Carlos Puig, who has served as a federal government employee for 32.5 years, 28.5 of which were served in Puerto Rico, in his submission suggests that a well-focused government action can lay the foundation for a burgeoning of private activity in tourism. He further states that success will come with the Puerto Rican government allocating more funds to promote tourism and the federal government (particularly the PROMESA-created Task Force) backing ways that the Puerto Rican government can obtain these necessary funds. Secondly, Arthur MacEwan and J. Tomas Hexner, made a submission titled “Establishing Reliable Economic Data for Puerto Rico.” It emphasizes the need to integrate Puerto Rican data collection and presentation with federal agencies—especially, but not only, the Treasury Department, the Bureau of the Census, the Bureau of Labor Statistics, and the Bureau of Economic Analysis. Data collection and reporting requirements for Puerto Rico should be the same as for the fifty states. This reform of the Puerto Rican economic data systems is a foundation for the implementation and effectiveness of PROMESA.

Keywords: Puerto Rico; Tourism; PROMESA; Economic Data (search for similar items in EconPapers)
JEL-codes: O1 O2 Z32 (search for similar items in EconPapers)
Pages: 20 pages
Date: 2016
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