IDEAS home Printed from https://ideas.repec.org/p/isu/genstf/197503010700001006.html
   My bibliography  Save this paper

Development And Trade Dependence: The Case Of Puerto Rico, 1948-1963

Author

Listed:
  • Weisskoff, Richard
  • Wolff, Edward

Abstract

The transformation of Puerto Rico from a sugar-monoculture began in the early 1950's and by 1963 created a diversified manufacturing export economy. During these years, gross domestic product more than doubled, while gross investment and exports nearly quadrupled (Table 1). The magnitude of the industrialization, as seen in the rise of the industrial share of GDP by 50% and the decline of the agricultural share by about the same extent, resulted in the doubling of per capita income while employment remained stable.

Suggested Citation

  • Weisskoff, Richard & Wolff, Edward, 1975. "Development And Trade Dependence: The Case Of Puerto Rico, 1948-1963," ISU General Staff Papers 197503010700001006, Iowa State University, Department of Economics.
    • Handle: RePEc:isu:genstf:197503010700001006
    as

    Download full text from publisher

    File URL: https://dr.lib.iastate.edu/server/api/core/bitstreams/dba6d3f6-c787-43d4-bb06-9196a7171054/content
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Albert O. Hirschman, 1968. "The Political Economy of Import-Substituting Industrialization in Latin America," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 82(1), pages 1-32.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Waterbury, John, 1999. "The Long Gestation and Brief Triumph of Import-Substituting Industrialization," World Development, Elsevier, vol. 27(2), pages 323-341, February.
    2. Bahar, Dany & Rosenow, Samuel & Stein, Ernesto & Wagner, Rodrigo, 2019. "Export take-offs and acceleration: Unpacking cross-sector linkages in the evolution of comparative advantage," World Development, Elsevier, vol. 117(C), pages 48-60.
    3. Marc Badia†Miró & Anna Carreras†Marín & Christopher M. Meissner, 2018. "Geography, policy, or productivity? Regional trade in five South American countries, 1910–50," Economic History Review, Economic History Society, vol. 71(1), pages 236-266, February.
    4. Daisuke Oyama & Yasuhiro Sato & Takatoshi Tabuchi & Jacques-François Thisse, 2009. "On the impact of trade on industrial structures: The role of entry cost heterogeneity," Working Papers halshs-00566786, HAL.
    5. Christian Volpe Martincus & Andrés Gallo, 2009. "Institutions and Export Specialization: Just Direct Effects?," Kyklos, Wiley Blackwell, vol. 62(1), pages 129-149, February.
    6. Andrey E. Shastitko & Anna I. Meleshkina & Olga A. Markova, 2021. "The market regulation triad: Antitrust, industrial policy and protectionism in the optical fiber market," Upravlenets, Ural State University of Economics, vol. 12(1), pages 47-61, March.
    7. Barend A. De Vries, 1972. "International Price Comparisons of Selected Capital Goods Industries," NBER Chapters, in: International Comparisons of Prices and Output, pages 335-367, National Bureau of Economic Research, Inc.
    8. Mauro Boianovsky, 2007. "A VIEW FROM THE TROPICS: CELSO FURTADO AND THE THEORY OF ECONOMIC DEVELOPMENT IN THE 1950s," Anais do XXXV Encontro Nacional de Economia [Proceedings of the 35th Brazilian Economics Meeting] 024, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    9. Dieter Ernst & Bengt-åke Lundvall, 2004. "Information Technology in the Learning Economy: Challenges for Developing Countries," Chapters, in: Erik S. Reinert (ed.), Globalization, Economic Development and Inequality, chapter 9, Edward Elgar Publishing.
    10. Alexis Habiyaremye & Evans Mupela, 2019. "How effective is local beneficiation policy in enhancing rural income and employment? The case of agro-processing beneficiation in Tzaneen, South Africa," Local Economy, London South Bank University, vol. 34(4), pages 329-345, June.
    11. Daisuke Oyama & Yasuhiro Sato & Takatoshi Tabuchi & Jacques‐François Thisse, 2011. "On the impact of trade on the industrial structures of nations," International Journal of Economic Theory, The International Society for Economic Theory, vol. 7(1), pages 93-109, March.
    12. Steinmueller, W. Edward, 2010. "Economics of Technology Policy," Handbook of the Economics of Innovation, in: Bronwyn H. Hall & Nathan Rosenberg (ed.), Handbook of the Economics of Innovation, edition 1, volume 2, chapter 0, pages 1181-1218, Elsevier.
    13. Pavel Kadochnikov, 2006. "An Analysis of Import Substitution in Russia after the 1998 Crisis," Research Paper Series, Gaidar Institute for Economic Policy, issue 95, pages 148-148.
    14. Scartascini, Carlos & Tommasi, Mariano & Ardanaz, Martín, 2010. "Political Institutions, Policymaking, and Economic Policy in Latin America," IDB Publications (Working Papers) 1708, Inter-American Development Bank.
    15. Alberto Chong & Luisa Zanforlin, 2004. "Inward-Looking Policies, Institutions, Autocrats, and Economic Growth in Latin America: An Empirical Exploration," Public Choice, Springer, vol. 121(3), pages 335-361, February.
    16. Burachik, Gustavo, 2009. "La acumulación de capital en la Argentina en la posguerra [Postwar capital accumulation in Argentina]," MPRA Paper 19310, University Library of Munich, Germany.
    17. André Pineli & Rajneesh Narula, 2023. "Industrial policy matters: the co-evolution of economic structure, trade, and FDI in Brazil and Mexico, 2000–2015," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 50(2), pages 399-444, June.
    18. Daniele Checchi & Massimo Florio & Jorge Carrera, 2009. "Privatisation Discontent and Utility Reform in Latin America," Journal of Development Studies, Taylor & Francis Journals, vol. 45(3), pages 333-350.
    19. Kartika, Dwintha Maya, 2014. "The Big Push: Early Development Economics (1945-1975)," MPRA Paper 72115, University Library of Munich, Germany.
    20. Maria Savona, 2018. "Industrial policy for a Europeanindustrial renaissance. A few reflections," SPRU Working Paper Series 2018-07, SPRU - Science Policy Research Unit, University of Sussex Business School.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:isu:genstf:197503010700001006. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Curtis Balmer (email available below). General contact details of provider: https://edirc.repec.org/data/deiasus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.