Puerto Rico in the Post War: Liberalized Development Banking and the Fall of the “Fifth Tiger”

Padín, José Antonio

doi:10.1016/s0305-750x(02)00193-6

Cited by 6 publications

(4 citation statements)

References 41 publications

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“…Puerto Rico has never really recovered from the bust of the 1980s. Much of the island's economic story can be told through the jobs that were lost and the persistence of high unemployment (Padin, ). Many scholars find that the island's job problems are twofold.…”

Section: Development In Puerto Ricomentioning

confidence: 99%

Puerto Rican Development in Light of U.S. Colonialism: The Case of the Rum Excise Tax

Fattore¹

2014

Latin American Policy

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The relocation of Diageo's rum production facility from Puerto Rico to the U.S. Virgin Islands in 2010 had larger ramifications than the shifting of jobs from one island to another. Related to this move is the distribution of monies associated with the excise tax placed on each bottle of rum produced in these territories. For close to five decades, Puerto Rico received a large majority of these funds and invested them in economic growth. To secure a larger share of the cover‐over money, the U.S. Virgin Islands promised large corporate kickbacks funded by the tax. This article examines which strategy has an effect on economic growth, the cover‐over as a supplemental fund or as an enticement to multinational corporations. It concludes that the use of the cover‐over as a supplement to island growth is ineffective and that constrained growth on the islands is due to their political status as territories of the United States.

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Section: Development In Puerto Ricomentioning

confidence: 99%

Puerto Rican Development in Light of U.S. Colonialism: The Case of the Rum Excise Tax

Fattore¹

2014

Latin American Policy

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“…Yet there was no widespread perception that a crisis was looming imminently over urban areas-or rural areas for that matter, since the CE program includes these. After aU, social and economic decline, and the accompanying sharp rise in crime rates, had begun long before 2000 (Padin 2003;Rivera-Batiz and Santiago 1996). In this case, the alternative explanations-that the program was conceived for political gain of Calderón and her Partido Popular Democrático (Skocpol 1985) as a way of stemming the pro-statehood party's own popular appeal or that this particular candidate long-endorsed a reformist agenda, as evidenced by her earlier enthusiasm for a pilot CE program as San Juan mayor (Ganz 2000)-are plausible but cannot be explored in-depth here.^T hrough this law and the office it created, close to 700 neighborhoods across the Island were identified for the program, and surveyed in order to devise socioeconomic profiles and gauge resident perceptions of needs.…”

Section: Ce: the Political Context Of Passage And Program Featuresmentioning

confidence: 99%

States Make Movements? The Material and Discursive Influence of State-Sponsored Community Organizing in Puerto Rico

Ribas

Ghoshal

2013

Sociological Perspectives

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The authors examine the interaction between an emergent community movement in Puerto Rico and a poverty program implemented by the Puerto Rico government to deal with poverty in a self-claimed radical way. The authors explain the development of this movement, showing how state sponsorship shaped the material and discursive opportunities and constraints faced by movement leaders and participants. The authors then examine three discursive themes that emerged from fieldwork and interviews with community movement leaders and state actors that suggest the potential as well as the constraints implied by the close state-social movement relationship. These are (1) the partial recasting of dependency arguments in a critique of conventional clientelistic politics and government policy toward the poor, (2) the dismantling of traditional single-issue (i.e.. Island political status) party politics in favor of an economic interest-based politics, and (3) an embrace of the rhetorical and coercive power of law. The authors conclude by discussing implications of these findings for the study of social movements, civic participation, and public policy.

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“…W. Arthur Lewis (1950: 45 ff), for example, cited it as a model for the British West Indies for its emphasis on export‐led growth nominally funded by indigenous savings and investment. In fact, substantial funds were provided from the United States, in the form of public transfers and of private investment, with much of the latter being pushed and leveraged from Washington (Perloff, 1950; Chase, 1951; Dietz, 1986; Baumol and Wolff, 1996; Padin, 2003).…”

Section: Neocolonialism In the Americas 1945–60smentioning

confidence: 99%

“…The Development Bank, which was the main public source of finance for development, focused on infrastructure and housing and its commitment ‘influenced heavily the decision of private banks to offer their financial support’ in these fields (Caribbean Commission, 1954: 125). As a result, from 1950 to 1967 no less than 75% of all long‐term investments on the island went to housing (Maldonado, 1972: 126; Padin, 2003). Extensive investment in housing made it possible to experiment with a variety of schemes, ranging from medium‐rise projects to aided self‐help (Crane, 1944; Cordner, 1947).…”

Section: Neocolonialism In the Americas 1945–60smentioning

confidence: 99%

Housing as a Tool of Economic Development since 1929

Arku

Harris

2005

Int J Urban Regional Res

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Housing policy in the developing world has usually been shaped by social and political considerations, yet housing can also be used to promote economic development. From the 1930s to the 1950s, it was increasingly deployed for this purpose by the agencies of colonial powers, including Britain and France; by the United States in Puerto Rico; and by the US Agency for International Development and the Inter‐American Development Bank in Latin America. By the mid‐1960s, the UN and affiliated agencies, notably the International Labour Office, had a keen and broad appreciation of its significance for economic policy. This understanding was temporarily swamped by rising social concerns and then sidelined when the World Bank began to support sites‐and‐services schemes in the 1970s. It reasserted itself in the 1980s in the form of ‘market enabling’ strategies which, however, too often became an excuse for inaction. This history underlines the importance of paying attention to the potential role of housing as a tool of economic development. Dans le monde en développement, la configuration de la politique du logement tient généralement à des aspects sociaux et politiques, alors que le logement peut aussi servir à promouvoir l’expansion économique. Des années 1930 à 1950, c’est dans ce but qu’elle a été mise en œuvre par les organes des puissances coloniales, dont la Grande‐Bretagne et la France, par les États‐Unis à Puerto Rico, ainsi que par l’agence de développement international des États‐Unis (USAID) et la Banque interaméricaine de développement en Amérique latine. Au milieu des années 1960, l’ONU et ses agences, notamment le Bureau International du Travail, ont émis un avis général tranché quant à son importance en politique économique. Cette idée a été temporairement submergée par l’apparition de problèmes sociaux, puis mise sur la touche lorsque la Banque mondiale a soutenu les projets Sites et services dans les années 1970. Elle s’est réimplantée dans les années 1980 sous la forme de stratégies de stimulation de marché qui, toutefois, ont trop souvent servi d’excuse au manque d’action. Cet historique souligne l’intérêt à accorder au rôle potentiel du logement en tant qu’outil de développement économique.

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Puerto Rico in the Post War: Liberalized Development Banking and the Fall of the “Fifth Tiger”

Cited by 6 publications

References 41 publications

Puerto Rican Development in Light of U.S. Colonialism: The Case of the Rum Excise Tax

Puerto Rican Development in Light of U.S. Colonialism: The Case of the Rum Excise Tax

States Make Movements? The Material and Discursive Influence of State-Sponsored Community Organizing in Puerto Rico

Housing as a Tool of Economic Development since 1929

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