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Significance
For film crews trained in Latin America and seeking to create their own domestic projects, this model also affords the possibility of attempting to persuade international film companies to shoot their films abroad.
Impacts
Puerto Rico will leverage its dollar economy and comparative stability to attract productions set in other regional locations.
Fiscal issues, such as COVID-19-related spending constraints, could limit tax incentives at least during the pandemic recovery period.
The presence of international production companies and investments may benefit local film industries as well as tourism promotion.
Keywords:
Latin America,
LA/C,
Brazil,
Colombia,
Mexico,
Puerto Rico,
economy,
industry,
politics,
arts,
fiscal,
foreign investment,
government,
leisure,
media,
tourism
© Oxford Analytica 2021. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2021
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