Economysocial Puerto Rico 932000

Flash Player 9 (or above) is needed to view presentations.
We have detected that you do not have it on your computer. To install it, go here.

more share options
Embed For WordPress.com

Without related presentations

Notes on slide 1

Economy transformed after WWII (1939-1945) 1) leaders decided to emphasize industrial development a. to make the island less dependent on agriculture b. increase employment opportunities

with help of US government the P.R govt. established “Operation Bootstrap” (1947) a. a program of governmental support for industry through tax breaks b. govt. hoped to attract industries that would import goods to the islands to be finished for exportSUCCESSbrought many industrial companies to Puerto Ricocreated 1,000s of jobsunderdeveloped island  an industrialized area & important overseas market for US

By 1965, P.R. enjoyed the highest per capita income (avg. individual income) in Latin America. a. economic improvements were visible everywhere in forms of: - housing - public buildings - service facilities - new improved reads and communications -modern factories

After rising steadily for years, the Gross Domestic Product (GDP, total value of goods & industries Produced in Puerto Rico) and total employment dropped in 1975. a. however, even during the boom years, unemployment remained high (ranging fromo 10-13% Of labor force b. By mid-1970s, the official unemployment rate had reached 20 percent

By mid-1980s, the island’s economy began to recover 1) benefited when US increased its investment to the region through the Caribbean Basin Initiative a. a program providing tax-free access to US markets for certain products from the Caribbean Region

However in 1996 the US Congress voted to eliminate over a 10-yr period the tax incentives for for American companies invested in businesses in Puerto Rico 3) In response, local officials sought to further develop the service industry, esp. tourism

Unemployment rate 12% (2002)GDP by composition (2002)Agriculture: 1%Industry: 45%Services: 54%Population below poverty line 40% (2008)

EXPORT COMMODITIESChemicalsElectronicsApparelCanned tunaRumBeverage concentratesMedical equipment

Export PartnersUS 90.3%UK 1.6%Netherlands 1.4%Dominican Republic 1.4%

IMPORT COMMODITIESChemicalsMachinery & equipmentClothingFoodFishPetroleum products

Import PartnersUS 55.0%Ireland 23.7%Japan 5.4%

By the early 21st century, Puerto Ricans has increased social mobility and much greater opportunities because of universal access to education and a more developed economy.

Current population is 3 million, 9 hundred 58 thousand, one-hundred 28.Puerto Rico’s rate of population increase has fluctuated considerably throughout its history,Based largely on how many Puerto Ricans has emigrated from the island to the mainland US.Generally they went to the mainland to seek better economic opportunities.

While life expectancy rate in Puerto Rico have improved significantly in recent years.Puerto Rico still has lower rates then US.Could be attributed to high rates of poverty on the island (esp. rural areas) & a medical care system that has received little attention until late 20th century.

In the late 1990s some 3.1 million Puerto Ricans lived on the US mainland, the majority of them in the statesOf New York, New Jersey, and Florida.In general Puerto Ricans went to the mainland in search of better economic opportunities.The migration of Puerto Ricans to the US has a created a puerto rican presence in the mainland nearly as large as the population of the island itself.

Puerto Rico greatly improved its educational institutions throughout the 20th century. By 2005, 94.6% of the adult population was literate, compared with some 67% in 1940.Most of the schools in P.R. are public and are modeled on the public schools in continental US.About 20% of the schoolchildren attend private schools.

Favorites, Groups & Events

Economysocial Puerto Rico 932000 - Presentation Transcript

Introduction to Economic Aspect of Puerto Rico
Brought to you by these fine folks:
Patti Rodriguez
Mike Camacho
Carissa Pangelinan
JoesphTenorio
Economy transformed after WWII (1939-1945)
- emphasize industrial development
- less dependent on agriculture
- increase employment opportunities
- emphasize industrial development
- less dependent on agriculture
- increase employment opportunities
- emphasize industrial development
- less dependent on agriculture
- increase employment opportunities
- governmental support for industry through tax breaks
- attract industries that would import goods to the islands to be finished for export
- SUCCESS!
By 1965, P.R. enjoyed the highest per capita income (avg. individual income) in Latin America.
After rising steadily for years, the Gross Domestic Product and total employment dropped in 1975.
By mid-1980s, the island’s economy began to recover
- Caribbean Basin Initiative
- Tax-free access to US markets
- For certain products from Caribbean
1996
US Congress voted to eliminate over a 10-yr period the tax incentives for American companies that invested in business in Puerto Rico
Unemployment rate 12% (2002)
Population below poverty line 40% (2008)
GDP by composition (2002)
Export commodities
Export Partners
Import commodities
Import Partners
Introduction to the SOCIAL ASPECTof Puerto Rico
BY
Patti Rodriguez
Mike Camacho
Carissa Pangelinan
JoesphTenorio
Early 21st century
- Increased social mobility
- Much greater opportunities
- Universal access to education & a more developed economy
Population
3,958,128 (July 2008)
Life expectancy
Puerto Rico (2008)
74.7 years males
82.8 years females
U.S.(2008)
75.3 years males
81.0 years females
Migration
- Late 1990s some 3.1 million lived on US mainland
- In search of better economic opportunities
- Created a Puerto Rican presence in the mainland nearly as large as population of island itself
Education
- By 2005, 94.6% of adult population was literate
- Most schools are public & modeled on US public schools
- 20% attend private schools
Thanks for listening!
We will continue on Wednesday with Economy & Social Aspect of Puerto Rico…
See ya then!