Tag: Cuba

Farming Demands Heavy Investment

Farming Demands Heavy Investment

Cuban agriculture has withered for decades under a policy framework that requires cooperatives to sell goods to the state at fixed prices. The system ensures a steady income for farmers, but it also deflects investment. Farmers operate with antiqued or failed machinery. Lack of hard currency means that spare parts  More ►

Havana Reshapes Informal Sector

Havana Reshapes Informal Sector

If private industry is the lifeblood of national output, then Cuba is moving out of intensive care. Maybe. Havana disclosed this week that it will legalize small- and medium-sized businesses. One major gain is that now-informal entities will eventually be able to import and export legally. The road ahead is littered with  More ►

What About Cuban Supermarkets?

What About Cuban Supermarkets?

There is no reason why grocery stores in Cuba should look much different from those elsewhere. And they do not. Cuba may have been isolated by the United States, but Havana had trade ties with other nations, including Russia and Brazil. The issue is hard currency. Cuba did have access to international product markets  More ►

Columbus Ate Guava Paste

Columbus Ate Guava Paste

Cuba is a siren call to investors, although some sectors, such as agriculture, will lag the investment cycle because of deep government involvement. More than 30% of the land mass in Cuba is allocated to crop cultivation. But it is highly inefficient, requiring Havana to import the bulk of its foodstuffs. Enthusiastic  More ►