Mala vista social club
Article Abstract:
The Cuban economy was badly hit by the collapse of trade with the Soviet Union, and output dropped to 1994, after which it rose again. Wages are low for many Cubans, but utility bill, rent and food rations are also low, though food rations do not cover all food needs. Self-employment, remittances and unregistered work mean that some 55% of Cubans have access to US dollars, and those without dollars have come to feel poorer, while income inequality has increased. Poverty is more of a problem outside Havana, and labor migration persists, though some migrants are sent back
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1999
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Seven hours with Fidel
Article Abstract:
Illinois governor, George Ryan, has visited Cuba and argues that it is not in the interests of the US to seek to isolate Cuba. He has discussed a wide range of issues, including human rights. Illinois' House of Representatives has called for the end to a ban on medicine and food exports to Cuba. US farmers argue that they are affected by trade embargoes, and they could easily supply Cuba. There appears to be a shift in attitudes toward Cuba, and Latinos in Illinois back Ryan, though not some in Florida.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1999
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Living with Fidel
Article Abstract:
Cubans face the loss of Soviet aid which means a drop in subsidised rations, a rise in prices of unsubsidised goods, and a drop in real wages. Cubans use a number of ploys to survive, such as selling fuel informally. There are 149,000 Cuban citizens who are officially self-employed of a total of 11 million, but many more are self-employed in the informal sector. Their activities may be illegal such as broking the sale of household goods, or they may be legal, such as selling sculptures to tourists.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
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