Operation Bootstrap industrialization program
E590876
Operation Bootstrap was a mid-20th-century economic development initiative in Puerto Rico that rapidly transformed the island from an agrarian to an industrial economy through tax incentives and promotion of U.S. investment.
Observed surface forms (1)
| Surface form | Occurrences |
|---|---|
| Operation Bootstrap | 0 |
Statements (49)
| Predicate | Object |
|---|---|
| instanceOf |
economic development program
ⓘ
government initiative ⓘ industrialization program ⓘ |
| appliesToDemographic |
Puerto Rican working class
ⓘ
rural agricultural workers in Puerto Rico ⓘ |
| appliesToJurisdiction | Puerto Rico NERFINISHED ⓘ |
| country | Puerto Rico ⓘ |
| describedAs | “Manos a la Obra” program NERFINISHED ⓘ |
| economicPolicy |
export-led growth
ⓘ
import substitution industrialization ⓘ |
| effect |
expansion of wage labor economy in Puerto Rico
ⓘ
growth of manufacturing employment in Puerto Rico ⓘ increase in Puerto Rico’s GDP ⓘ increased dependence on U.S. capital ⓘ mass migration from rural to urban areas in Puerto Rico ⓘ rapid decline of agricultural employment in Puerto Rico ⓘ reduction of sugarcane agriculture’s share of the economy ⓘ urbanization in Puerto Rico ⓘ |
| goal |
attraction of foreign investment
ⓘ
economic development ⓘ industrialization of Puerto Rico ⓘ job creation ⓘ transition from agrarian to industrial economy ⓘ |
| hasPart |
factory recruitment campaigns in the mainland United States
ⓘ
industrial tax exemption laws ⓘ infrastructure development for industrial parks ⓘ |
| implementedBy |
Government of Puerto Rico
NERFINISHED
ⓘ
Popular Democratic Party government of Puerto Rico NERFINISHED ⓘ Puerto Rico Industrial Development Company NERFINISHED ⓘ |
| inception | circa 1947 ⓘ |
| influencedBy |
U.S. economic policy toward Puerto Rico
ⓘ
post–World War II development strategies ⓘ |
| languageOfName | English ⓘ |
| location | Puerto Rico NERFINISHED ⓘ |
| mainBeneficiary | U.S. manufacturing firms ⓘ |
| mainSector |
electronics industry
ⓘ
light industry ⓘ manufacturing ⓘ pharmaceutical industry ⓘ textiles industry ⓘ |
| originalName | Manos a la Obra ⓘ |
| replaces | plantation-based agrarian economy in Puerto Rico ⓘ |
| significantPeriod |
1950s
ⓘ
1960s ⓘ |
| startTime | late 1940s ⓘ |
| uses |
export-oriented industrialization strategy
ⓘ
industrial tax exemptions ⓘ promotion of U.S. corporate investment ⓘ tax incentives ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.
subject surface form:
Luis Muñoz Marín