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04791aam a2200637 i 4500 001 41787C760CD411EEAAE9666853ECA4DB 003 SILO 005 20230617010022 008 210620t20212021inu b 001 0 eng d 010 $a 2021941548 020 $a 9780268200978 020 $a 0268200971 035 $a (OCoLC)1231548368 040 $a YDX $b eng $e rda $c DLC $d YDX $d BDX $d UKMGB $d IND $d OCLCF $d OBE $d IAC $d ZLM $d UBY $d SILO 042 $a lccopycat 043 $a n-us--- $a n-us--- 050 00 $a HD3616.P92 $b M35 2021 082 04 $a 338.97295 $2 23 100 1 $a Maldonado, A. W., $e author. 245 10 $a Boom and bust in Puerto Rico : $b how politics destroyed an economic miracle / $c A.W. Maldonado. 264 1 $a Notre Dame, Indiana : $b University of Notre Dame Press, $c [2021] 300 $a ix, 254 pages ; $c 24 cm 504 $a Includes bibliographical references and index. 505 0 $a Prologue -- Introduction -- Part I . The 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 -- Part II . The Historical Context -- A "Troubled" Relationship -- A Century of Miscommunication and Misunderstanding -- Epilogue. The Pandemic, the "Curse," the "Fix". 520 $a In 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. $c Provided by publisher. 650 0 $a Financial crises $z Puerto Rico. 651 0 $a Puerto Rico $x Economic conditions $y 1952- 651 0 $a Puerto Rico $x Economic policy. 651 0 $a Puerto Rico $x Foreign economic relations $z United States. 651 0 $a United States $x Foreign economic relations $z Puerto Rico. 651 0 $a Puerto Rico $x Foreign relations $z United States. 651 0 $a United States $x Foreign relations $z Puerto Rico. 651 0 $a Puerto Rico $x Politics and government $y 1952-1998. 651 0 $a Puerto Rico $x Politics and government $y 1998- 650 0 $a Political science $z Puerto Rico. 651 6 $a Porto Rico $x Conditions economiques $y 1952- 651 6 $a Porto Rico $x Politique economique. 651 6 $a Porto Rico $x Relations economiques exterieures $z Etats-Unis. 651 6 $a Porto Rico $x Relations exterieures $z Etats-Unis. 651 6 $a Etats-Unis $x Relations exterieures $z Porto Rico. 651 6 $a Porto Rico $x Politique et gouvernement $y 1952-1998. 651 6 $a Porto Rico $x Politique et gouvernement $y 1998- 650 7 $a Political science. $2 fast $0 (OCoLC)fst01069781 650 7 $a Diplomatic relations. $2 fast $0 (OCoLC)fst01907412 650 7 $a Economic history. $2 fast $0 (OCoLC)fst00901974 650 7 $a Economic policy. $2 fast $0 (OCoLC)fst00902025 650 7 $a Financial crises. $2 fast $0 (OCoLC)fst00924607 650 7 $a International economic relations. $2 fast $0 (OCoLC)fst00976891 650 7 $a Politics and government. $2 fast $0 (OCoLC)fst01919741 651 7 $a Puerto Rico. $2 fast $0 (OCoLC)fst01205432 651 7 $a United States. $2 fast $0 (OCoLC)fst01204155 648 7 $a Since 1952 $2 fast 776 08 $i Ebook version : $z 9780268200992 941 $a 1 952 $l OVUX522 $d 20231117011921.0 956 $a http://locator.silo.lib.ia.us/search.cgi?index_0=id&term_0=41787C760CD411EEAAE9666853ECA4DBInitiate Another SILO Locator Search