As the headline in the news remind us daily: immigration in the U.S. is an important policy topic of today. There is a high dependence on the U.S. as haven for refugees and people seeking a better life.
The tourism industry acts as a major source of revenue for Cuba’s economy.
Throughout the 1980s, a debt crisis enshrouded the economy in Latin America causing this decade to become known as the ‘Lost Decade.’ This crisis was provoked by the international macroeconomy experiencing t
Protests have broken out all over Ecuador, particularly in the capital of Quito, causing the President Lenín Moreno, to d
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.
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.
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.
