This is a comprehensive and detailed account of the economic history of Puerto Rico from the period of Spanish colonial domination to the present. Interweaving findings of the "new" Puerto Rican historiography with those of earlier historical studies, and using the most recent theoretical concepts to interpret them, James Dietz examines the complex manner in which productive and class relations within Puerto Rico have interacted with changes in its place in the world economy.
Besides including aggregate data on Puerto Rico's economy, the author offers valuable information on workers' living conditions and women workers, plus new interpretations of development since Operation Bootstrap. His evaluation of the island's export-oriented economy has implications for many other developing countries.
"Dietz has written a remarkably comprehensive account of the historical background to all this, using the latest theoretical concepts in economic science to buttress his case that the industrialization program of the last thirty years has essentially failed to solve the problems of persistent structural unemployment, continuing inequities in income, escalating consumerism followed by massive personal indebtedness, and continuing structural dependency on the U.S. market system."--American Historical Review
"Probably the first general economic history of Puerto Rico dealing with that country from the Conquest to the present, this is an interesting and convincing overview. Its breadth of coverage will be of genuine value to specialists in Puerto Rican studies." --Sidney W. Mintz, Johns Hopkins University
This book has been translated into: