Cuban Economists on the Cuban Economy

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What we know about Cuba’s economy

A bolder leadership might cut its losses, and accept a democratic transition there in return for guarantees that it will still get some oil. But there is no sign that diplomatic overtures by Canada and the Lima Group of Latin American countries will draw that response from Havana. A different administration in Washington might seek to negotiate with Cuba about Venezuela.

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Cuban economist describes current financial situation as tense

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Ted Henken and Archibald Ritter, researchers at Baruch College and Carleton University, respectively, estimate that as many as half of small enterprises employ at least one unregistered worker. Getting a clear read on Cuban trade is especially tricky, not least because exports and imports are effectively valued using different exchange rates.

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On island hit by U.S. sanctions and Venezuela downturn, Cubans flash back to post-Soviet hardships

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