The year 2020 will be remembered for many things, almost all related to the lasting effects of the COVID-19 pandemic, particularly on peoples’ lives and the global economy. Cuba already had a stagnant economy, and as we noted in a previous column, although the number of self-employed people continued to grow, it did so very slowly, given the slowdown in production and the restrictions of a regulatory framework too focused on control, rather than economic development.

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Today I devote my column to Donovan ‘Tekkz’ Hunt, a 17-year-old British teen who forms part of the Fnatic club. Of course you have no idea who he is, nor did I until Tekkz caught my attention. He belongs to an elite club of FIFA players, a video game that I love. Tekkz has made at least 375,000 dollars through official FIFA19 and FIFA20 competitions, a considerable sum for simply sitting in front of a console.

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The self-employed sector (TCP) reached an historic high in 2019. After 50 years, the numbers of those linked to the sector (owners of enterprises and employees) reached 620,000, while it was 143,000 in 2009. This implies a high rate of job creation, in a context that has been characterized by huge challenges.

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During the summer of 2019, the debate about price fixing in the non-state sector and the role of the State in the matter has once again been revived. On this occasion, the trigger was the increase in salaries in the budgeted sector, a decision announced by authorities in June.

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Cuba has been experiencing a difficult economic situation since approximately November 2018. Its citizens have suffered the scarcity of basic goods during this new “period,” including foodstuffs such as bread, oil, chicken, eggs and processed meats. Pork has also become increasingly scarce due to a fall in production and increase in demand, stemming from the lack of similar products.

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The increase in life expectancy and access to education create different outcomes in contemporary societies. One of the new growing trends, one of which probably began developing in high-income countries and that has been spreading throughout the world is a growing concern for personal appearance and overall health. In the past, women practically monopolized the […]

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In 2007 the Cuban Government launched its broadest economic reform program to date. These reforms were initially focused on agriculture and rapidly expanded through other areas such as types of property ownership. In 2011 the first official instrument that would serve as guide for all other reforms was adopted: the “Lineamientos” or Guidelines. Other significant […]

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In the different areas of contemporary life, people often talk about technology, although with different meanings. Perhaps it’s worth noticing the fact that it doesn’t refer only to artefacts or equipment, but the way something is made or produced, and the way materials and productive factors are combined. In general, it relates to a group […]

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