Market

Preconditions for political violence in Cuba

November 17, 2011

Three months ago, the Canadian government’s Economic & Political Intelligence Centre at Export Development Canada—EDC (Canada’s export credit agency, which helps Canadian exporters and investors expand their international business) issued its political outlook on Cuba: Raúl Castro’s pragmatism has resulted in investment and cooperation agreements with a variety of countries. Companies from several countries are also building [...]

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Cuba is the worst financial haven

October 10, 2011

Euromoney magazine’s Country Risk ranks Cuba, followed by Antigua, as the worst financial haven in Caribbean region in its 3Q study. [Royal Gazette]

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Road to market socialism

October 26, 2010

Political scientist Bert Hoffmann of the German Institute of Global and Area Studies (GIGA) has written (in German) a piece  on recent political and economic developments on the island titled, “Cuba: On the Road to Market Socialism?,” for GIGA’s in-house publication Focus Lateinamerika. Pivotal observations from the article: The acute crisis of state finances is forcing [...]

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Putin generation of military elites

September 30, 2010

Columnist Miguel Cossio discusses in El Nuevo Herald Raúl Castro’s firm steps in consolidating the military elite in power. The recent naming of a colonel to head CIMEX, Cuba’s largest commercial corporation, confirms the ascension of what Cossio calls the Putin generation in Cuba that is not just merely surviving but perpetuating the lineage: This [...]

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Gov’t allows farmers to buy supplies in private shops

August 17, 2010

Raul Castro’s government has allowed farmers of the island to acquire supplies necessary to support limited productivity where they can pay with the national currency for goods in small private shops.  This is a step toward modernizing the strongly centralized farming sector. [Europa Press]

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A very small reprieve

August 3, 2010

Army General Raúl Castro gave Cubans a reprieve by allowing them to open small businesses, but doubts exist if the measure meets with the goal of reducing a bloated bureaucracy and help reanimate the economy “without market reforms.”  The enlargement of “self-employment,” expected by many Cubans and suggested by economists, was announced by Raúl Castro on [...]

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