Рет қаралды 837,952
Puerto Rico's political status is unlike that of any other country; it is not a fully independent territory because it belongs to the United States but at the same time is not part of the United States, that is, it is not a state like the other fifty that make up that country. Puerto Ricans are also U.S. citizens but they cannot vote from the island to elect the president of the United States, they receive federal aid but do not pay federal taxes. All these particularities are due to the fact that Puerto Rico did not become independent from the Spanish empire, but in 1898 the United States declared war on Spain and after the U.S. victory and the signing of the Treaty of Paris, the possession of Puerto Rico by the United States was legalized. From that moment on, the Caribbean island has belonged to the northern country; the dollar is used as the national currency, there is a close cultural and institutional connection and free mobility of capital and labor between the two territories. So, thanks to these characteristics and the fact of belonging to the richest country in the world, it would be expected that they would have similar levels of development and wealth. However, if Puerto Rico were to become the 51st state in the United States, it would be the poorest.
Why does Puerto Rico have development levels so far behind the U.S. and why has it been in recession for so many years?
Other videos of interest:
- Why doesn't the U.S. have high-speed TRAINS?
• ¿Por qué EE.UU. no tie...
- Is CUBA accepting CAPITALISM in 2021?
• ¿Está aceptando CUBA e...
Some sources of interest:
- Detroit...Greece...Puerto Rico...Does Anyone See A Pattern?
www.forbes.com...
- Trouble on Welfare Island
www.economist....
Music:
Whatdafunk by Audionautix is licensed under the Creative Commons Attribution License (creativecommon...)
Artist: audionautix.com/
#economíaydesarrollo #PuertoRico