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The International Competitiveness of Puerto Rico Using the Porter’s Model.pdf

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The International Competitiveness of Puerto Rico Using the Porter’s Model.pdf

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The International Competitiveness of Puerto Rico Using the Porter’s Model.pdf

文档介绍

文档介绍:JGC Vol. 14(2), 2006
The petitiveness of Puerto Rico Using the
Porter’s Model
Luz Leyda Vega-Rosado
EXECUTIVE SUMMARY
This paper is divided in five parts. The introduction establishes the
importance of petitiveness, especially for the economy
of Puerto Rico, a small economy in the Caribbean. The second
part includes the theoretical frame. The third part describes and
explains the methodology used, developed in 1990 by Michael E.
Porter from the Harvard Business School. The fourth part
includes the ten industries that petitiveness in Puerto
Rico for the years 1987, 1992, 1997, 2001 and 2002 accordingly to
the methodology and an analysis of the Porter’s Diamond on each
industry. The fifth part includes the conclusions and
mendations.
Keywords: Puerto Rico, Caribbean, Competitiveness, Clusters, Industry.
INTRODUCTION
A country’petitiveness must be examined before it can be essfully
introduced into the international market and globalized economy of our time.
Before peting at an international level, it is necessary to know
where a country’petitiveness lies. This topic is frequently discussed not
only by developed countries but also by developing countries. According to Dr.
Michael E. Porter (1990) of the Harvard Business School, “competitiveness has
e a central upation of both advanced and developing countries in an
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JGC Vol. 14(2), 2006
increasingly open and integrated world economy.”1 Therefore, determining a
country’petitiveness is of great importance, whether it is big or small.
Puerto Rico (PR) is an island known for its privileged location; between the
Atlantic Ocean and the Caribbean Sea. The biggest of the Minor Antilles, its
territory expands 100 by 35 miles (8,900 km²). The island is associated to the
United States of America as monwealth of Puerto Rico. Its population is
of about four million inhabitants; all of them American citizens. The gross
domestic product (GDP) is about $