Abstract
Section 936 attracted many manufacturing companies in Puerto Rico; in particular, pharmaceutical that prompted the use of high technology. However, its contribution to economic growth and job creation has been questioned. This chapter seeks to identify and compare the relationship between inflows of foreign direct investment (IFDI), exports (EX), Gross Domestic Product (GDP), unemployment rate (UR) and labor participation rate (LPR) of Puerto Rico. For comparison purposes, two jurisdictions were considered: Singapore and Ireland, both of which directly reflected high levels of economic growth and foreign direct investment (FDI).
The chapter is mainly derived from a dissertation conducted by Dr. Basem Hassan-Lombardi (2012), and other works realized by Hassan-Lombardi et al. (2012) and Basem Hassan-Lombardi and Juma’h (2014).
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Notes
- 1.
Federal law and US policies governing international relations, migration, customs and national security, regulate communications, labor market, monetary and banking system in Puerto Rico; and links the economy of the Island and the United States under Federal Relations Act of Puerto Rico, also known as the Jones Act (ECLA/CEPAL, 2004).
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Juma’h, A.H., Morales-Rodriguez, D., Lloréns-Rivera, A. (2015). Labor Market of Puerto Rico and FDI, Exports and GDP. In: Labor Markets and Multinational Enterprises in Puerto Rico. SpringerBriefs in Economics. Springer, Cham. https://doi.org/10.1007/978-3-319-17178-4_3
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