Today I heard on the radio how the economy has so drastically turned on the former Irish Tiger that people are being pushed into the security industry since that seems to be one of the few growth industries. Ireland copied a version of the development program Puerto Rico followed out of the forties under operation bootstrap . It gave tax breaks to American Corporations that set up in Puerto Rico, similar to the way Dell set up in Ireland. Puerto Rico also made these tax-breaks subject to being located outside of the capital to encourage development in the country-side, which was a brilliant idea. Since Puerto Rico was mostly undeveloped in the rural areas and only the capital of San Juan and surroundings had been developed. This development program was abandoned in Puerto Rico by pro-statehood government because these tax-breaks would result in an obstacle towards statehood. This had an adverse effect on employment, though I think this was small considering the effect of the brain-drai...
© David Acevedo