What Makes an Economy Prosperous? Spotlight on Cuba and Argentina

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 (https://www.economist.com/the-america...)


Cuba plunged into crisis by long power blackouts by Ed Augustin—The Financial Times  (https://www.ft.com/content/5c18e729-f...)


Power Outage Plunges All of Cuba Into Darkness by Frances Robles—The New York Times (https://www.nytimes.com/2024/10/18/wo...)


Why Economic Sanctions Backfire: The Role of Emigration in the Venezuelan Case by Nicolás Idrobo—SSRN (https://papers.ssrn.com/sol3/papers.c...)


The Impact of the Cuban Adjustment Act on Cuban Immigrants in the US by Tamarys Bahamonde—SSRN (https://papers.ssrn.com/sol3/papers.c...)


How is Javier Milei performing after nearly 11 months in office? by Michael Stott and Ciara Nugent—The Financial Times (https://www.ft.com/content/dfd94c80-4...)


The weakest links in the global economy are on the mend by Ruchir Sharma—The Financial Times (https://www.ft.com/content/34268245-d...)


Argentina’s poverty rate soars above 50% under Javier Milei by Ciara Nugent—The Financial Times (https://www.ft.com/content/ccaeb4f5-6...)


Argentina Inflation Slows to 2021 Levels in Win For Milei by Manuela Tobias—Bloomberg (https://www.bloomberg.com/news/articl...)


Argentina’s economy minister strikes defiant note on default risk by Ciara Nugent and Michael Stott—The Financial Times (https://www.ft.com/content/ae822056-6...)


Argentine Debt Rises Out of Distress Territory on Milei Reforms by Kevin Simauchi—Bloomberg (https://www.bloomberg.com/news/articl...)


Argentina Scrapped Its Rent Controls. Now the Market Is Thriving. by Ryan Dubé—The Wall Street Journal (https://www.wsj.com/world/americas/ar...)


Developing Countries Can’t Count on Manufacturing to Supercharge Growth by Kai Schultz and Shruti Srivastava—Bloomberg (https://www.bloomberg.com/news/articl...)


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