economy

In the wake of the Cuban revolution, many middle class Cubans emigrated to the United States. But in the intervening decades, Cuba’s universal public education has spawned new middle classes, of government officials, professional engineers and accountants, and in increasing numbers today, private entrepreneurs. Here’s how many Cubans fit the category of “middle class.”

This Saturday, Chinese President Xi Jinping will launch what is being billed as the most important conclave of Chinese leaders since 1978, the year that Deng Xiaoping transformed China from a dying Red giant into a market-driven dynamo. (“Seek truth from facts,” rather than communist ideology, he said.) The historic “Third Plenum” of Xi's term is meant to signal that he has consolidated power, decided on a direction for the country, and achieved consensus with the political class.

Ireland has long been a country of emigrants. For around the past 300 years, the Irish have been leaving their homes to escape whatever it is they want to escape—mostly famine or economic depression, historically—in search of a better life elsewhere. I recently became one of the Irish diaspora myself, leaving the country, along with many of my friends, because of the severe lack of jobs and very real prospect of the economy remaining in perpetual decline.

The deteriorating security situation throughout much of the Arab world underscores the need to urgently search for nonviolent methods of achieving stability. At the heart of the current unrest are not only political issues but also economic failures that are wiping out the vestiges of hope that remain after the region’s recent revolutions. In conflict situations, public diplomacy must be employed carefully. Sometimes the swirl of violence becomes so pervasive that it sucks up the oxygen needed for peaceful enterprise to survive.

It’s a 7-per-cent tax, unseen and insidious. Do business across a provincial boundary and that’s what the federal government estimates you’ll face in extra costs due to the myriad of conflicting regulations, standards, registrations and restrictions. Canada’s Agreement on Internal Trade, a deal struck in the early days of Jean Chrétien’s Liberal government to reduce trade barriers between provinces, will be 20 years old in 2014.

Cuba closed dozens of home-based movie theaters on Saturday and reaffirmed its plans to end the private sale of imported goods as communist authorities pressed for "order, discipline and obedience" in the growing small business sector. A government statement issued through official media said home-based theaters and video games will "stop immediately in any type of self employment," a local euphemism for small business.

Iceland wants to turn itself into a hub for business in the Arctic and strike more trade accords on its own after scrapping talks to join the European Union, its foreign minister said. “The focus of Iceland’s foreign policy is on the Arctic,” Gunnar Bragi Sveinsson said in an Oct. 25 interview in Reykjavik. The island will work for deeper cooperation within the Arctic Council and seek to provide a base in the region to help support trade with China, Singapore and South Korea, among others, he said.

If such a thing is possible, Shanghai today beckons even more powerfully than it did in the past, playing a critical role among the great cities of the world beyond anything that could have been imagined. Shanghai’s future shines brilliantly, given its own dynamic economy and the larger Chinese economy of which it is a critical part. However, as China’s most prosperous city, Shanghai should not be afraid to strike out on its own or, more accurately, to define the terms of its development in its own way and according to its own history and understanding of its future.

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