What Makes an Economy Prosperous? Spotlight on Cuba and Argentina
1Description
We explore eight things that contribute to a healthy, growing economy and where Cuba and Argentina have fallen short.
Topics covered include:
- Why Cuba continues to have rolling energy blackouts
- Why economic sanctions frequently don't work
- How Argentina's President Millei is taking a "chainsaw" to the nation's economy
- Why emerging markets will need to change their export-oriented growth trajectory
- What are the risks to the long-term health of the U.S. economy
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Show Notes
Cuba is out of supplies and out of ideas—The Economist
Cuba plunged into crisis by long power blackouts by Ed Augustin—The Financial Times
Power Outage Plunges All of Cuba Into Darkness by Frances Robles—The New York Times
The Impact of the Cuban Adjustment Act on Cuban Immigrants in the US by Tamarys Bahamonde—SSRN
The weakest links in the global economy are on the mend by Ruchir Sharma—The Financial Times
Argentina’s poverty rate soars above 50% under Javier Milei by Ciara Nugent—The Financial Times
Argentina Inflation Slows to 2021 Levels in Win For Milei by Manuela Tobias—Bloomberg
Argentine Debt Rises Out of Distress Territory on Milei Reforms by Kevin Simauchi—Bloomberg
Related Episodes
411: Is Emerging and Frontier Markets Investing Still Worth It? – With Asha Mehta
409: What Is the IMF and Why Is It Controversial?
233: Is An Emerging Markets Crisis Imminent?
93: Capitalism, Complexity and Cuba
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United States
Interesting topic of comparison. As a point in light of your pointers, I would remind you that the largest US employment growth of the last recent years has been in the gubmit sector producing nothing but stifling economic activity. Odd you mention the saving grace of the US economic system is the reserve currency status, when it seems every uniparty politician is doing everything in their ability to destroy that status. Almost like they want the nation to fail and fold under to a world system?