ABSTRACT
The methodology identifies five basic economic categories subsumed under the general heading of an information sector: education; media of communication; information machines; information services; and other information activities, including research and development. Does the rise of the information sector to a dominant position in the production structure of a newly industrialized society like Puerto Rico's mandate a rethinking of conventional wisdom in development economics? Thus, the rapid and sustained rise of the information sector in the period between the oil shocks of the early 1970s and the present might well relate to the island's complete dependency on imported oil. Research and development, as used, is a term that encompasses a complete spectrum of technology activities: basic research, applied research, development and commercialization of new products and processes, and operations or trouble-shooting production research. Puerto Rico has as modern a communications infrastructure as anywhere in the Caribbean and Latin America.
