Via Semafor, a look at the dramatic impact of Cuba’s economic crisis: More than 10% of Cuba’s population left the island nation between 2022 and 2023, prompted by a severe economic downturn and a widening government crackdown. Despite allowing the creation of private businesses for the first time in decades, the country’s state-run economy has collapsed as […]
Read more »Via Reuters, an article on Cuba decision to ratchet up pressure on private business as economic crisis deepens: Cuba is tightening regulations on fledgling private businesses, reining in profits and beefing up oversight as the government wrestles with how best to manage fast-growing private enterprise in the communist-run country. Cuban authorities two years ago lifted […]
Read more »Via Reuters, a report on new US measures designed to give Cuban small business a boost: The U.S. Treasury Department on Tuesday announced regulatory changes to allow more American financial support for Cuba’s nascent private sector and bolster access to U.S. internet-based services, modest but timely measures that officials said would help give the island’s […]
Read more »Courtesy of the New York Times, an article on the proliferation of private business in Cuba: A modern grocery store whose shelves are packed with everything from pasta to wine fills a spot in central Havana once occupied by a drab state-owned flower shop, its ceilings and walls repaired and repainted. A former state glass […]
Read more »Via the Korea Herald, a report on potential for South Korea and Cuba economic relations: The South Korean presidential office said Sunday that the establishment of diplomatic ties with Cuba would create new economic opportunities for Korean companies, though it conceded it would take time. “The establishment of diplomatic relations and the future opening of […]
Read more »Via World Politics Review, a report on the impact that China’s economic slowdown may have upon Latin America: Over the past two decades, as China’s breakneck economic growth turned it into the engine of the global economy, Beijing became an increasingly powerful player in Latin America. It displaced the United States, long the top trading […]
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