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Posted on: February 26th, 2008
Filed Under: [ Business ] [ Hispanic News ] [ Non-US News ] [ Blogante Business ]
On Sunday, Raul Castro became Cuba’s new president, succeeding his brother Fidel Castro. Fidel had ruled Cuba since January 1959, when he led a popular revolution. However, once in power he failed to deliver on promises of democracy, and implemented a totalitarian system which also suffocated private enterprise.
Nearly 50 years of Fidel Castro have nearly ruined a once-prosperous economy, experts say. “It is a basket case, with a continuously shrinking basket,” says Jorge Salazar-Carrillo, a professor of economics at Florida International University.”*
*From: http://www.latinbusinesschronicle.com
Traducido: usando Google o Altavista/Babel Fish
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