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Wall St. would love to be able to sell stuff to Puerto Rico with less overhead. It's just the US shipping companies and sailors that really like having a monopo
by bskap 9y ago
Wall St. would love to be able to sell stuff to Puerto Rico with less overhead. It's just the US shipping companies and sailors that really like having a monopoly on trade with Puerto Rico. (There are other things about Puerto Rico's lack of statehood that Wall St likes a lot, but the Jones Act isn't one of them)
- djKianoosh 9y agosounds like you are well versed here. would love to read more about it. please share if you have sources. it's hard to find good analysis of PR that isnt blatantly political.
- javiramos 9y agoSome good sources of information: - Report on the Competitiveness of Puerto Rico's Economy [1] - An Update on the Competitiveness of Puerto Rico's Economy [2] - Characteristics of the Island's Maritime Trade and Potential Effects of Modifying the Jones Act [3] - Shipping Co.: Maritime Cabotage Complicates Logistics and Adds Costs [4] [1] https://www.newyorkfed.org/medialibrary/media/regional/PuertoRico/report.pdf https://www.newyorkfed.org/medialibrary/media/regional/Puert... [2] https://www.newyorkfed.org/medialibrary/media/outreach-and-education/puerto-rico/2014/Puerto-Rico-Report-2014.pdf https://www.newyorkfed.org/medialibrary/media/outreach-and-e... [3] http://www.gao.gov/products/GAO-13-260 http://www.gao.gov/products/GAO-13-260 [4] http://reports.weforum.org/global-enabling-trade-2013/view/shipping-co/?doing_wp_cron=1506899924.9807949066162109375000 http://reports.weforum.org/global-enabling-trade-2013/view/s...