What Makes an Economy Prosperous? Spotlight on Cuba and Argentina

We explore eight things that contribute to a healthy, growing economy and where Cuba and Argentina have fallen short. Topics covered include:Why Cuba continues to have rolling energy blackoutsWhy economic sanctions frequently don't workHow Argentina's President Millei is taking a "chainsaw" to the nation's economyWhy emerging markets will need to change their export-oriented growth trajectoryWhat are the risks to the long-term health of the U.S. economy Sponsors Monarch Money – Get an extended 30-day free trial LegalZoom - Use code David10 to 10% off Insiders Guide Email Newsletter Get our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter Our Premium Products Asset Camp Money for the Rest of Us Plus Show Notes Cuba is out of supplies and out of ideas—The Economist Cuba plunged into crisis by long power blackouts by Ed Augustin—The Financial Times  Power Outage Plunges All of Cuba Into Darkness by Frances Robles—The New York Times Why Economic Sanctions Backfire: The Role of Emigration in the Venezuelan Case by Nicolás Idrobo—SSRN The Impact of the Cuban Adjustment Act on Cuban Immigrants in the US by Tamarys Bahamonde—SSRN How is Javier Milei performing after nearly 11 months in office? by Michael Stott and Ciara Nugent—The Financial Times The weakest links in the global economy are on the mend by Ruchir Sharma—The Financial Times Argentina’s poverty rate soars above 50% under Javier Milei by Ciara Nugent—The Financial Times Argentina Inflation Slows to 2021 Levels in Win For Milei by Manuela Tobias—Bloomberg Argentina’s economy minister strikes defiant note on default risk by Ciara Nugent and Michael Stott—The Financial Times Argentine Debt Rises Out of Distress Territory on Milei Reforms by Kevin Simauchi—Bloomberg Argentina Scrapped Its Rent Controls. Now the Market Is Thriving. by Ryan Dubé—The Wall Street Journal Developing Countries Can’t Count on Manufacturing to Supercharge Growth by Kai Schultz and Shruti Srivastava—Bloomberg Related Episodes 411: Is Emerging and Frontier Markets Investing Still Worth It? – With Asha Mehta 409: What Is the IMF and Why Is It Controversial? 233: Is An Emerging Markets Crisis Imminent? 93: Capitalism, Complexity and Cuba See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.