We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
PUERTO RICO: AN EVALUATION OF A SUCCESSFUL DEVELOPMENT PROGRAM.
- Authors
Baer, Werner
- Abstract
The article evaluates development program of Puerto Rico. The development program is based primarily on agricultural reform which was supposed to lead to a stricter enforcement of a federal 500 acre limitation law and the creation of a Land Authority and Agricultural Development Company to increase agricultural productivity and diversify agriculture. The government has realized that in able for the development program to be successful it would have to concentrate on industrialization. The initial program was not a complete failure because real gross product and real per capita income has increased. The key features of the new program developed was the introduction of a law in 1947 exempting new industries from taxation for 10 years which has attracted private capital.
- Subjects
PUERTO Rico; PUERTO Rican economic conditions; ECONOMIC development; DEVELOPING countries; AGRICULTURE; AGRICULTURAL productivity; INDUSTRIALIZATION; GROSS state product; GROSS national product; PER capita
- Publication
Quarterly Journal of Economics, 1959, Vol 73, Issue 4, p645
- ISSN
0033-5533
- Publication type
Article
- DOI
10.2307/1884309