Business & Economy Archives

What Cuba Can Do Amid Crisis and Despite US Sanctions

Cuba is in a type of crisis from which a country cannot recover “in the framework of the existing system,” only through substantive reforms.

With 12 buildings taller than six stories, Camagüey has the most of such structures outside Havana, including a “26-story” building.

Oscar Perez-Oliva heads the strategic Ministry of Foreign Trade, a technocrat who combines family legacy, Party discipline and continuity.

“The price of products showed a direct relationship with inflation and with the price of the dollar on the informal market.”

“These are not mining companies on the Chinese stock exchange; they are private capital, like the scheme of the failed Interoceanic Canal.”

The market will be occupied mainly by self-employed workers who had to leave the nearby Feria de los Chinos.

“A few years ago, people were shocked to see a child selling avocados on the street. Now, many consider it normal, even during school hours.”

Gasoline has become a scarce commodity, a privilege that divides even among car owners: those with access to dollars and those who don’t.

Climate change, the greatest negative externality in history, is hitting Latin America hard, exacerbating inequality, threatening the common good.

Cuban businessman Mike Fernandez believes the thaw with the US failed because “the Cuban leaders, being older, were afraid of change.”