Why is Puerto Rico a Narco State?
Probably one of the biggest stories in Puerto Rico this year has been the suggestion that we are a narco state. In this article from El Nuevo Dia, we see many signs that we are. It is estimated that $5 billion is the value of the drug trafficking in Puerto Rico. That's only more than 5% of our GDP!
When we look at this from a broken windows perspective, this hides an even greater problem. The story also reports that the informal economy in Puerto Rico is at least $15 billion, over 17% of our total GDP.
Source: http://www.elnuevodia.com/economiaminadaporladroga-1142407.html
Narco State, Puerto Rico, Informal Economy
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