Who Controls Cuba’s Economy? What to Know About GAESA. (www.nytimes.com)
from Aatube@lemmy.dbzer0.com to world@lemmy.world on 16 May 16:24
https://lemmy.dbzer0.com/post/68949488

Yet GAESA kept building hotels, even as it neglected other parts of the economy. Cuba’s once-famous sugar cane industry — which financed the early days of the Communist revolution — collapsed, as government spending on the sector plummeted. Cuba has had to import sugar in recent years for domestic consumption, and even imports from the United States.

#world