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The Puerto Rico Center for the New Economy (CNE) —Spanish: Centro para la Nueva Economía— is an economy-centered think tank that has emerged as an incubator for future economic public policy in that United States territory. [1]
The economy of Puerto Rico is classified as a high-income economy by the World Bank and as the most competitive economy in Latin America by the World Economic Forum. [14] [15] The main drivers of Puerto Rico's economy are manufacturing, which primarily includes pharmaceuticals, textiles, petrochemicals, and electronics; followed by the service industry, notably finance, insurance, real estate ...
In 2012, there were 13,159 farms in Puerto Rico. [9] While not a state, Puerto Rico is a member of the Southern United States Trade Association, a non-profit organization that assists the agriculture industry in developing its exports. [10] In early 2020, farm owners in Ponce reported on the continuing challenge of finding laborers. [11]
In 1898, following the conclusion of the Spanish–American War, Spain ceded the Caribbean island of Puerto Rico and its surrounding archipelago to the United States. . Initially run by the military, from 1900 onwards measures began to be enacted giving the people of Puerto Rico a measure of local civilian government, while bringing the population more within the larger community of the Unite
On November 19, 1970, the Central Council of the PPD issued what became known as the Pronunciamiento de Aguas Buenas (lit. "Aguas Buenas Pronnouncement") which stated its support for a "complete self-government, founded in the free association with the United States and which permits and supports the country's cultural personality and the sustained development of its social and material progress."
The United States acquired the islands of Puerto Rico in 1898 after the Spanish–American War, and the archipelago has been under U.S. sovereignty since.In 1950, Congress enacted the Puerto Rico Federal Relations Act of 1950 or legislation (P.L. 81-600), authorizing Puerto Rico to hold a constitutional convention and, in 1952, the people of Puerto Rico ratified a constitution establishing a ...
The pharmaceutical industry in Puerto Rico encompasses more than half of all manufacturing done in Puerto Rico.As the island's most prominent industry, pharmaceutics generates more than 18,000 jobs, pays more than US$3 billion in taxes, comprises about half of total exports, and has generated more than 25% of the island's GDP for the past four decades. [1]
After the Spanish–American War, Spain ceded Puerto Rico to the United States under the conditions established by the Treaty of Paris of 1898. Chinese workers in the United States were allowed to travel to Puerto Rico. Some worked in the island's sugar industry, but most worked in re-building Puerto Rico's infrastructure and rail systems. Many ...