On 2 April 2018, Ethiopia’s restless new Prime Minister Abiy Ahmed was sworn into power. Since then the Federal Republic of Ethiopia has found itself in a whirlwind of reform. Ethiopia is undergoing its most significant changes since the 1991 birth of the EPRDF ruling coalition under its controversial leader, Meles Zenawi. The last two months […]
Two recent news items out of China have raised expectations that the new leadership in Beijing intends to push ahead with major market-oriented policies. The first is an announcement that a key Communist Party conclave will gather in November to set out an economic blueprint for the coming decade. The second is that Jiang Jiemin, […]
Consider this striking paradox: Just as the Energy Information Administration announces that new shale discoveries are driving record increases in U.S. proved oil reserves and near-record additions in proved natural gas reserves, huge energy companies are reporting sagging production and profits. Royal Dutch Shell, for example, posted a 60 percent drop in second-quarter profits, largely because of drilling […]
This year in Cuban history will be viewed as a significant one, having seen more economic change and reform on the island than some entire decades. But Washington’s response over the course of a year has proven insignificant. Let’s start with a brief summary of the past year. In January, the executive branch of the […]
It’s a long way off, sure. But Jimmy Carter seems to be the guy for it. The former US President began a visit to Cuba yesterday at the invitation of the Cuban government. Foreign Minister Bruno Rodriguez, in fact, was there to meet Carter on the runway when his plane arrived. Carter is the only […]
Prime Minister Manmohan Singh’s budget plan for the forthcoming fiscal year is more noteworthy for what it does not contain – realistic assumptions and a commitment to press ahead with critical items on the economic reform agenda.
Cuban President Raúl Castro has called the sixth-ever Communist Party congress—the first in thirteen years—to be held this coming April 2011 (when it will coincide with the anniversary of the battle of the Bay of Pigs, a complementary source of Cuban patriotism). So what can we expect from this congress? And what should we not […]
There’s a lot going on lately, and a fair number of calls to the Obama administration to take note and react to all of it. Nothing from Washington yet. First, the Cuban Labor Federation came right out and announced that 1 million public sector jobs were set to be eliminated, half of these by next […]
Report in NY Times about the impending lay-off of over 500,000 employees was jarring in the context of our own stagnant economy. The junior Castro brother, Raúl, is following through on his previous pledges to make Cuba’s centralized, Socialist economy more efficient and to open up opportunities to its enterprising citizens. This begs the question if Cuba will replicate China’s success with its State capitalism model.
So Fidel did, in the end, appear and speak before the Cuban National Assembly—just in a separate meeting from that of his brother Raúl (though the current President Castro joined this meeting as well to hear Fidel speak). In his 12-minute speech on Saturday, Fidel repeated his recent warnings that tensions between the United States […]
… and we pretend to work. The long-standing Cuban axiom has come to bear more truth than its users may have hoped or imagined. President Castro announced yesterday in his address before the National Assembly that the Cuban government will actually begin to lay off redundant workers, which he estimates are perhaps 1 in every […]
In a previous post, we mentioned Raúl Castro’s April 4 speech to the Youth Communist League (UJC) in Cuba, focusing on its discussion of regime continuity in the coming years. But the speech merits revisiting in order to zero in on another topic: economic reform. Raúl’s discussion covered a number of familiar topics—the moral imperative […]
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