Geographical Notes on Puerto Rico
Clearly, Puerto Rico’s troubles run much deeper than government debt, and there has been a lot of discussion about its underlying economic weakness. However, not much of the discussion seems to ask what seems to me to be an obvious question: what, exactly, should an economy in Puerto Rico’s position be doing?
.. Puerto Rico may to an important extent just suffer from being a slightly hard to reach island in a time when corporations place a high premium on easy, just-in-time shipments.