economy

Cuban Tourism Plummets Amidst Trump’s New Travel Restrictions

September 9, 2019

While Cuba may be on many Americans’ travel bucket lists, Donald Trump is making this dream less and less attainable with each policy he passes. Not only are these increasingly tight travel restrictions affecting the thousands of US travelers that have dreamed of lounging on the beaches of Varadero or walking down the colorful Havana streets, the Cuban tourism industry is now struggling to generate profits like they once did.

There’s Only One Way Out for Cuba’s Dismal Economy

April 2, 2019

Article originally published in NYT: https://www.nytimes.com/2019/03/28/opinion/cuba-economy.html

For the past 60 years, Cuba has been unable to finance its imports with its own exports and generate appropriate, sustainable growth without substantial aid and subsidies from a foreign nation. This is the longstanding legacy of Cuba’s socialist economy.

Cuba: 60 años de dependencia económica extranjera

April 2, 2019

 

La constante fundamental en los 60 años de la economía socialista de Cuba ha sido su total incapacidad para generar un crecimiento adecuado y sostenible, sin ayuda y subsidios considerables de una nación extranjera, a fin de poder financiar sus importaciones con sus propias exportaciones. La historia de esta dependencia económica comenzó con España en la época de la colonia, continuó con Estados Unidos durante la primera república, se expandió de manera significativa con la Unión Soviética y finalmente con Venezuela desde el inicio de este siglo. 

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