What Makes an Economy Prosperous? Spotlight on Cuba and Argentina

Money For the Rest of Us

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

Why Economic Sanctions Backfire: The Role of Emigration in the Venezuelan Case by Nicolás Idrobo—SSRN

The Impact of the Cuban Adjustment Act on Cuban Immigrants in the US by Tamarys Bahamonde—SSRN

How is Javier Milei performing after nearly 11 months in office? by Michael Stott and Ciara Nugent—The Financial Times

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

Argentina’s economy minister strikes defiant note on default risk by Ciara Nugent and Michael Stott—The Financial Times

Argentine Debt Rises Out of Distress Territory on Milei Reforms by Kevin Simauchi—Bloomberg

Argentina Scrapped Its Rent Controls. Now the Market Is Thriving. by Ryan Dubé—The Wall Street Journal

Developing Countries Can’t Count on Manufacturing to Supercharge Growth by Kai Schultz and Shruti Srivastava—Bloomberg

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