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049			_aBEV
082			_223 _a338
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100			_aMaldonado, A.W. _eauthor
245			_aBoom and bust in Puerto Rico : _bhow politics destroyed an economic miracle / _cA.W. Maldonado
260			_bUniversity of Notre Dame Press, _c2021 _aNotre Dame, Indiana :
264			_bUniversity of Notre Dame Press, _c2021 _aNotre Dame, Indiana :
300			_a ix, 254 pages ; 24 cm
505			_aThe Rise and Fall. Operation bootstrap. Operation bootstrap and the statehood surge. The demise of section 936. The turning point. The breakdown of the public corporations. The demise of the government development bank. "That is nuts" : Puerto Rico's labor policy. Will Puerto Rico become a state? The future of Puerto Rico. The Historical Context. A "troubled" relationship. A century of miscommunication and misunderstanding. Epilogue: The Pandemic, the "curse," the "fix".
520			_aIn this engaging and approachable book, journalist A. W. Maldonado charts the rise and fall of the Puerto Rican economy and explains how a litany of bad political and fiscal policy decisions in Washington and Puerto Rico destroyed an economic miracle. Under Operation Bootstrap in the 1950s and '60s, the rapid transformation and industrialization of the Puerto Rican economy was considered a "wonder of human history," a far cry from the economic "death spiral" the island's governor described in 2015. Boom and Bust in Puerto Rico is the story of how the demise of an obscure tax policy that encouraged investment and economic growth led to escalating budget deficits and the government's shocking default of its $70 billion debt. Maldonado also discusses the extent of the devastation from Hurricane Maria in 2017, the massive street protests during 2019, and the catastrophic earthquakes in January 2020. After illuminating the century of misunderstanding between Puerto Rico and the United States--the root cause of the economic crisis and the island's gridlocked debates about its political status--Maldonado concludes with projections about the future of the relationship. He argues that, in the end, the economic, fiscal, and political crises are the result of the breakdown and failure of Puerto Rican self-government. Boom and Bust in Puerto Rico is written for a wide audience, including students, economists, politicians, and general readers, all of whom will find it interesting and thought provoking--Publisher's description
650		0	_aFinancial crisis _996517 _zPuerto Rico
651		0	_aPuerto Rico _xEconomic conditions _9293724 _y1952-
651		0	_aPuerto Rico _9294023 _vPolitics and government
651		0	_aPuerto Rico Foreign economic relations _9300671 _zUnited States
942			_c6 _2ddc _e23 _h338
999			_c301035 _d301035