My recommendations are: Since top-down government for the last 50 years, does not work, I propose to start a bottom-up regime. Measures needed, and easy to implement.
1. Deregulation of licenses and permits;
2. Deregulation of the labor markets;
3. Open up the island for migration, merit based;
4. Decriminalize the soft drug market;
5. Legalize the shadow economy (30% of the regular economy;
6. Eliminated income and corporate taxes, and change to VAT-tax only.