Streams

Puerto Rico's Problems

Thursday, April 03, 2014

Flag of Puerto Rico (Deiby/flickr)

There's been a major wave of migration from Puerto Rico since 2006, and the island is dealing with high levels of crime and unemployment. Carlos Vargas-Ramos, research associate from the Center for Puerto Rican Studies at Hunter College, explains what's going on and takes your calls if you've recently moved from Puerto Rico or have friends and family there.

 

Guests:

Carlos Vargas-Ramos

Comments [10]

Victor

Because of the colonial status and some other stupid federal laws PR cannot even buy cheaper oil from Petrocaribe on credit at 1% like our neighbors.

Apr. 06 2014 11:46 AM
Dennis Dinzeo from Las Vegas via Aguadilla

Sadly, it appears that Puerto Rico's current status is not viable.

At some point they will have to amend their status in order to compete with Dom Rep, Mexico, Guatemala, etc.

I envision boatloads of SUVs headed for the used car market in the US as the middle class goes extinct.

There is only one hope.......bring in consultants from success stories like Singapore.

Apr. 04 2014 03:30 PM
Jaime from Bushwick

Oh boy, gentrification at work. The same thing that went on in Bushwick is happening in PR.

Apr. 03 2014 12:43 PM
Sheldon from Brooklyn

JG, for their sakes, they should be forced to choose either way. It will be best for their long term future, economic and otherwise.

Apr. 03 2014 12:09 PM
bobbyj

no one mentions the parallels between Greece and Spain. the facts that puerto Rico has borrowed its self into this problem. the industrialization

Apr. 03 2014 11:59 AM
jgarbuz from Queens

It's up to the Puerto Rican voters to decide if they want to either want to officially join the US by becoming a state, or becoming totally independent country, or remaining in between in this "commonwealth" status. But I don't think it would greatly affect the economy there one way or the other.

Apr. 03 2014 11:55 AM
Dee from NJ

Pharma moved out because of massive quality problems.

Apr. 03 2014 11:53 AM
Sheldon from Brooklyn

As long as Puerto Rico is stuck between being a full fledged State and an independent country, it will always suffer from poor and inconsequential leadership. The place has no tangible identity.

Apr. 03 2014 11:50 AM
jgarbuz from Queens

I don't understand why Puerto Rico is having economic problems. It shouldn't have any.

Apr. 03 2014 10:53 AM
Sheldon from Brooklyn

Until Puerto Rico takes the step towards independence, her development will always be stymied.

Apr. 03 2014 10:09 AM

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