Labor in the Puerto Rican Economy: Postwar Development and Stagnation


This book is a theoretical and empirical examination of human resource growth and change in postwar Puerto Rico. The study is empirically based, but emphasis is given to econometric results as opposed to econometric methods. Santiago focuses on efficiency in the use of human resources during rapid industrialization. Nonetheless, the author subscribes to the notion that economic growth is a necessary but not sufficient condition for economic development. This work helps us better understand the process of economic development, thus providing directions for practical solutions to the pressing economic problems faced by the majority of the population of the planet.

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