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Whether or not President-elect Donald Trump follows through on plans to reverse the U.S.’ economic opening with Cuba, entrepreneurship on the island will be hard to get rid of. Reforms enacted by President Raúl Castro in 2011 (three years before the U.S. rapprochement began) have already led to a boom in restaurants, bed-and-breakfasts, private taxis and other … Read more How a Changing Economy Is Leaving Afro-Cubans Behind
Latin America suffers from both the world’s highest rate of income inequality and from a lackluster economic performance that puts it well behind the growth levels of other emerging regions such as Asia. Could there be a connection? Recent research suggests that high inequality and low social mobility are more than just poor people’s problems: … Read more High Inequality