The Economic Implications of Puerto Rican Statehood

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2005
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Haverford College. Department of Economics
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Award
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eng
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Open Access
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Abstract
Ever since Puerto Rico became a colony of the United States in 1898 following the Spanish-American War, there has been major debate on both the island and mainland, regarding the relationship between the two and the cultural, political and economic implications that it entails. Currently, Puerto Rico is a commonwealth of the United States; it has been since 1952, even though the actual term in Spanish is “Estado Libre Asociado”, which means Free Associated State. Many critics on the island and mainland argue that this arrangement is vague since, “In reality Puerto Rico’s status is neither that of an associated free state nor that of a state of the Union, but rather that of a territory.” Moreover, the relationship has caused serious debates in the international community because the United Nations and many Latin American and Caribbean countries have accused the U.S. of colonizing the island and not allowing the people of Puerto Rico their deserved right to self-determination that goes against the United Nations General Assembly Resolution 1514, which states that: Immediate steps shall be taken, in Trust and Non-Self-Governing Territories or all other territories which have not yet attained independence, to transfer all powers to the peoples of those territories, without any conditions or reservations, in accordance with their freely expressed will and desire, without any distinction as to race, creed.
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