Economy and Development

Puerto Rico’s Financial Challenges Prompting Statehood Debate

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By Isabel Morales

More than a century after becoming a U.S. territory, Puerto Rico is still struggling with its legacy of colonialism, and the recurring debate over statehood is analyzed more than ever. Years of financial troubles and limited resources with devastating consequences on its population and development are leading to a crucial reconsideration of their status and future. Though there are several factors necessary to mention when examining reasons for statehood, one of the major ones is Puerto Rico’s economic development.

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