Cuba: Can a Dose of the Market Save Tropical Socialism?

Foto UOptenhögel

It’s been 52 years since the revolution and Cuba is still unable to get its planned economy to work. Social services, once the pride of the revolution, are no longer affordable and are visibly deteriorating. The inefficiency of the economy also risks alienating the people form the government. Hardship is undermining the political pact that [...]

Five Inexpensive Actions That Europe Can Take For Africa

Paul Collier - 03

On March 15th Commissioner Piebalgs convenes a meeting of experts on development (surely a good sign). Here I suggest five Commission actions which would help Africa. Through necessity my presentation will have to be brief. Nonetheless here is the menu. Improving natural resource extraction: Natural resource extraction will be the major African economic phenomenon of [...]

The End of Social Europe?

As a further round of economic crisis unfolds, many European social democrats seem frozen like a hare in a car’s headlights. They have nothing new to say about how to deal with fiscal deficits – except that the cuts must not occur all at once and that the most vulnerable must be shielded. Otherwise, economists [...]