Economic Factors: Lessons from Cuba and Argentina | 8min snip from Money For the Rest of Us

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What Makes an Economy Prosperous? Spotlight on Cuba and Argentina

Money For the Rest of Us

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CHAPTER

Economic Factors: Lessons from Cuba and Argentina

This chapter delves into the essential elements that determine an economy's success, using Cuba and Argentina as case studies. It highlights the significance of foreign investment, a stable money supply, education, and the balance between social safety nets and entrepreneurship in fostering economic growth.

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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