Tuesday, November 29, 2016

Economists weigh in on Fidel

Two blog posts from well-known economists:

1) Tyler Cowan's forecast for the Cuban economy after Fidel is not very rosy.  Cuba has a foreign debt challenge and can no longer count on cheap oil from Venezuela.  Sugar prices have increased this year but remain depressed.  The best case scenario, Cowan argues, is that Cuba catches up with the Dominican Republic in a few decades.

2) George Borjas spent the first 11 years of his life in Cuba, leaving with his mother after his family's business had been confiscated.  He shares his remembrances about life under Fidel in the early 1960s in this blog post.  Borjas reaction to the news of Fidel's death: "Good riddance!"

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