Cuba's economic woes persist beyond sanctions and communism
By
The Economist
9h ago· 2 min readenInsight
55/100
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Summary
The article examines the dire state of Cuba's economy, using the case of Sherritt International—a Canadian nickel company that operated in Cuba for 30 years before being forced out by Trump-era sanctions—as a microcosm. It argues that even without embargoes and communism, Cuba would be a poor investment prospect, casting doubt on whether Donald Trump could realistically save Cuba's economy.
Key quotes
· 5 pulledDuring the 1990s the boss of Sherritt International became known as 'Fidel Castro's favourite capitalist'.
For 30 years the Canadian firm's nickel refineries were the only Western-run resource project in Cuba.
Then, in March this year, Donald Trump's fuel blockade forced them to close.
On May 15th Sherritt said it would exit Cuba permanently.
Even if the island were not burdened by embargoes and communism it would be a poor investment prospect
Even if the island were not burdened by embargoes and communism it would be a poor investment prospect
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