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A Marshall Plan for Cuba
by
Atilio Boron
5 January 2011
Cuba is currently faced with a crucial dilemma: either it updates, revises and reconstructs its economic model or it runs the risk of succumbing to the combined pressures created by its own errors and the aggression of the American embargo. The countries of Latin America and the Caribbean as well as all of those in Africa and Asia cannot remain indifferent towards this situation or limit themselves to contemplating how the Revolution delivered this decisive battle without any assistance (...)
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The challenges awaiting Cuba
by
Eric Toussaint
30 March 2010
External and internal factors are creating a tense and difficult situation in Cuba. The global financial and economic crisis is impacting the Cuban economy on five fronts: 1. the price of nickel exported by Cuba on the world market dropped from $50,000 to $10,000 per ton between 2008 and 2009; 2. while the number of tourists increased slightly in 2009, tourist spending decreased sharply (reducing revenues from tourism by 10%); 3. plunging oil prices, which directly affected Venezuela, (...)
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Economists’ conference in Havana
Global crisis: the main protagonist
by
Deisy Francis,
Susana Lee
4 March 2009
José Ramón Machado Ventura, Leonel Fernández y Esteban Lazo. Th global economic crisis was the main protagonist on the first day of Globalización 2009, the 9th International Conference of Economists on Globalization and Development Problems, presided over by First Vice President José Ramón Machado Ventura; Dominican President Leonel Fernández Reyna; Cuban Vice President Esteban Lazo Hernández; Nobel Laureates in economics Edmund Phelps and Robert Mundell; Roberto Verrier Castro, president of the (...)
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Alternative financing for development: Venezuela and ALBA
by
Alejandro Bendaña
22 May 2008
If the goal is development — best defined as sovereign democratic social transformation — then we must not speak of making the present "aid" modalities more effective, but of substituting present day aid and the system in which it unfolds. One begins by questioning the very nature of the larger international financial architecture, what it stands for, and who benefits primarily from it. "Development aid" as practiced by the North is part of a system that generates deepening inequality and (...)