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The economy of Cuba is a planned economy dominated by state-run enterprises. In the 1990s, the ruling Communist Party of Cuba encouraged the formation of worker co-operatives and self-employment. In the late 2010s, private property and free-market rights along with foreign direct investment were granted by the 2018 Cuban constitution.
Hundreds of protesters took to the streets Sunday in Cuba’s second-largest city, Santiago, demanding food and power amid a worsening economic crisis that has left many everyday Cubans with ...
Ámbito Financiero is an Argentine newspaper founded on December 9, 1976, by economist Julio A. Ramos. It is one of the main economic newspapers. It was initially sold in Downtown Buenos Aires, covering mainly the daily prices of the U.S. dollar, gold, stocks, etc., and included other editorials. Ámbito Financiero was acquired by Orlando ...
Cuba's foreign policy has been fluid throughout history depending on world events and other variables, including relations with the United States.Without massive Soviet subsidies and its primary trading partner, Cuba became increasingly isolated in the late 1980s and early 1990s after the fall of the USSR and the end of the Cold War, but Cuba opened up more with the rest of the world again ...
The group, founded in the 1960s, is meeting in Cuba just days ahead of the U.N. General Assembly in New York. Brazilian leader Lula rekindles ties with Cuba at G77 summit in Havana Skip to main ...
An informal economy (informal sector or grey economy) [1] [2] is the part of any economy that is neither taxed nor monitored by any form of government. [3] Although the informal sector makes up a significant portion of the economies in developing countries , it is sometimes stigmatized as troublesome and unmanageable.
In 2020, the economic situation in Cuba worsened. The Cuban economy contracted by 10.9% in 2020, and by 2% in the first six months of 2021. [11] The economic crises emerged from a combination of factors, [46] [47] including reduced financial support (subsidized fuel) from Cuba's ally Venezuela, the United States embargo against Cuba and United States sanctions (tightened by the Trump ...