The development of the Index in 2014 suggests the worst moments of the year for the economy in terms of foreign exchange constraints are over, but for now, the CSETI does not offer yet a clear signal that the GDP will accelerate enough in the second half to reach the official goal of 1.4% for […]
Venezuela’s Liquidity Crunch Impacting Cuba
The crucial importance of Venezuela to the Cuban economy is widely known. Previous posts in this Blog evaluate the impact of a break-up of the close alliance between Venezuela and Cuba.[1] Such an outcome would constitute a severe shock for the economy of the island. The break-up could result from a change of government in […]
Cuban Exports of Human Capital: Salvation or Misery?
Since the onset of the XXI century Cuba has received billions of dollar in payments for its exports of professional workers—mainly doctors and medical personnel, but also teachers, soldiers and security experts. These professionals were shipped to Venezuela and to some of its satellites, at Venezuela’s expense. I estimate the payments at just over $7 […]
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