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Cuban Economic Reforms
The dollarization of Cuba refer to macroeconomic policies implemented with the aim at stabilising the Cuban economy after 1993. They were initially enacted to offset the economic imbalances which was a result of the dissolution of the Soviet Union in 1991. The main aspect of these reforms was to legalize the then illegal U.S. Dollar and regulate its usage in the island's economy. The wider reforms focused heavily on the macroeconomic stabilization of the Cuban economy. This was to be achieved through a reduction in fiscal deficit, and through structural changes such as the enactment of the Free Farmer's Market agreement, the legalization of self-employment, and the decriminalization of the United States dollar. The economic reforms resulted in a decrease in inflation, appreciation of the Peso, increase in output and productivity, and an improvement in the fiscal deficit. With the implementation of the 2018 Cuban constitution, came free-market rights, the recognition of private pro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Flag Of Cuba
The national flag of Cuba ( es, link=yes, Bandera de Cuba) consists of five alternating stripes (three blue and two white) and a red equilateral triangle at the hoist, within which is a white five-pointed star. It was designed in 1849 and officially adopted May 20, 1902. The flag is referred to as the ''Estrella Solitaria'', or the ''Lone Star'' flag. It is in the stars and stripes flag family. History and symbolism Fighting against the Spanish Crown with the rebel armies of Venezuela, Narciso López moved from his native Caracas to Havana, Cuba. His involvement in anti-colonial movements forced him into exile. In 1849 he moved to New York City, where he continued to advocate for an independent Cuba. The three blue stripes represent the three departments in which Cuba was divided at that time, the white – purity of the patriot cause, and the red triangle – a symbol of strength, constancy, and Mason influences (triangles are Masonic symbols for equality and were found in a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cuban Revolution
The Cuban Revolution ( es, Revolución Cubana) was carried out after the 1952 Cuban coup d'état which placed Fulgencio Batista as head of state and the failed mass strike in opposition that followed. After failing to contest Batista in court, Fidel Castro organized an armed attack on the Cuban military's Moncada Barracks. The rebels were arrested and while in prison formed the 26th of July Movement. After gaining amnesty the M-26-7 rebels organized an expedition from Mexico on the Granma yacht to invade Cuba. In the following years the M-26-7 rebel army would slowly defeat the Cuban army in the countryside, while its urban wing would engage in sabotage and rebel army recruitment. Over time the originally critical and ambivalent Popular Socialist Party would come to support the 26th of July Movement in late 1958. By the time the rebels were to oust Batista the revolution was being driven by the Popular Socialist Party, 26th of July Movement, and the Directorio Revoluci ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jacques De Groote
Jacques de Groote (born 25 May 1927) is a Belgian financier and banker. Career In the period 1973–1994, he was one of the Executive Directors of the International Monetary Fund (IMF) and in the period 1973 – 1991, one of the governors of the World Bank (IBRD). He was then active in various international institutions, such as the International Finance Corporation (IFC) and International Development Association (IDA). Traces of de Groote’s career can be found not only in Belgium, Switzerland, the Democratic Republic of the Congo and Rwanda, but in many of the former East Block countries, including the Czech Republic. Jacques de Groote personifies the symbol of the IMF and World Bank of the 1970s and 1980s. Academic career From July 1955 to January 1957, he was an assistant at Cambridge University. From 1963 to 1992, he taught at the Faculty of Economics of the University of Namur (Belgium) as a professor, lecturing on subjects related to money and credit theories, m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World Bank
The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organizations owned by the World Bank Group. It was established along with the International Monetary Fund at the 1944 Bretton Woods Conference. After a slow start, its first loan was to France in 1947. In the 1970s, it focused on loans to developing world countries, shifting away from that mission in the 1980s. For the last 30 years, it has included NGOs and environmental groups in its loan portfolio. Its loan strategy is influenced by the Sustainable Development Goals as well as environmental and social safeguards. , the World Bank is run by a president and 25 executive directors, as well as 29 various vice ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Monetary Fund
The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." Formed in 1944, started on 27 December 1945, at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international monetary system. It now plays a central role in the management of balance of payments difficulties and international financial crises. Countries contribute funds to a pool through a quota system from which countries experiencing balance of payments problems can borrow money. , the fund had XDR 477 billion (a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Recession
In economics, a recession is a business cycle contraction when there is a general decline in economic activity. Recessions generally occur when there is a widespread drop in spending (an adverse demand shock). This may be triggered by various events, such as a financial crisis, an external trade shock, an adverse supply shock, the bursting of an economic bubble, or a large-scale Anthropogenic hazard, anthropogenic or natural disaster (e.g. a pandemic). In the United States, a recession is defined as "a significant decline in economic activity spread across the market, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales." The European Union has adopted a similar definition. In the United Kingdom, a recession is defined as negative economic growth for two consecutive quarters. Governments usually respond to recessions by adopting expansionary macroeconomic policies, such as monetary policy, incr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
El Capitolio Havana Cuba
EL, El or el may refer to: Religion * El (deity), a Semitic word for "God" People * EL (rapper) (born 1983), stage name of Elorm Adablah, a Ghanaian rapper and sound engineer * El DeBarge, music artist * El Franco Lee (1949–2016), American politician * Ephrat Livni (born 1972), American street artist Arts, entertainment, and media Fictional entities * El, a character from the manga series ''Shugo Chara!'' by Peach-Pit * El, short for Eleven, a fictional character in the TV series ''Stranger Things'' * El, family name of Kal-El (Superman) and his father Jor-El in ''Superman'' *E.L. Faldt, character in the road comedy film ''Road Trip'' Literature * ''Él'', 1926 autobiographical novel by Mercedes Pinto * ''Él'' (visual novel), a 2000 Japanese adult visual novel Music * Él Records, an independent record label from the UK founded by Mike Alway * ''Él'' (Lucero album), a 1982 album by Lucero * "Él", Spanish song by Rubén Blades from ''Caminando'' (album) * "Él" (L ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Boris Yeltsin
Boris Nikolayevich Yeltsin ( rus, Борис Николаевич Ельцин, p=bɐˈrʲis nʲɪkɐˈla(j)ɪvʲɪtɕ ˈjelʲtsɨn, a=Ru-Boris Nikolayevich Yeltsin.ogg; 1 February 1931 – 23 April 2007) was a Soviet and Russian politician who served as the first president of the Russian Federation from 1991 to 1999. He was a member of the Communist Party of the Soviet Union from 1961 to 1990. He later stood as a Political Independent, political independent, during which time he was viewed as being ideologically aligned with liberalism and Russian nationalism. Yeltsin was born in Butka, Russia, Butka, Ural Oblast. He grew up in Kazan and Berezniki. After studying at the Ural State Technical University, he worked in construction. After joining the Communist Party, he rose through its ranks, and in 1976 he became First Secretary of the party's Sverdlovsk Oblast committee. Yeltsin was initially a supporter of the ''perestroika'' reforms of Soviet leader Mikhail Gorbachev. He lat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mikhail Gorbachev
Mikhail Sergeyevich Gorbachev (2 March 1931 – 30 August 2022) was a Soviet politician who served as the 8th and final leader of the Soviet Union from 1985 to dissolution of the Soviet Union, the country's dissolution in 1991. He served as General Secretary of the Communist Party of the Soviet Union from 1985 and additionally as head of state beginning in 1988, as Chairman of the Presidium of the Supreme Soviet from 1988 to 1989, Chairman of the Supreme Soviet from 1989 to 1990 and the only President of the Soviet Union from 1990 to 1991. Ideologically, Gorbachev initially adhered to Marxism–Leninism but moved towards social democracy by the early 1990s. Gorbachev was born in Privolnoye, Stavropol Krai, Privolnoye, Russian Soviet Federative Socialist Republic, Russian SFSR, to a poor peasant family of Russian and Ukrainian heritage. Growing up under the rule of Joseph Stalin, in his youth he operated combine harvesters on a Collective farming, collective farm before join ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
President Of The Soviet Union
The president of the Soviet Union (russian: Президент Советского Союза, Prezident Sovetskogo Soyuza), officially the president of the Union of Soviet Socialist Republics (), abbreviated as president of the USSR (), was the head of state of the Union of Soviet Socialist Republics from 15 March 1990 to 25 December 1991. Mikhail Gorbachev was the only person to occupy this office. Gorbachev was also General Secretary of the Communist Party of the Soviet Union between March 1985 and August 1991. He derived an increasingly greater share of his power from his position as president until he finally resigned as General Secretary after the 1991 coup d'état attempt. Powers The presidency was an executive post, based on a mixture of the US and French presidencies. Prior to the creation of the post of president, the ''de jure'' head of state of the Soviet Union was the chairman of the Presidium of the Supreme Soviet, who was often called the "president" by n ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
General Secretary Of The Communist Party Of The Soviet Union
A general officer is an officer of high rank in the armies, and in some nations' air forces, space forces, and marines or naval infantry. In some usages the term "general officer" refers to a rank above colonel."general, adj. and n.". OED Online. March 2021. Oxford University Press. https://www.oed.com/view/Entry/77489?rskey=dCKrg4&result=1 (accessed May 11, 2021) The term ''general'' is used in two ways: as the generic title for all grades of general officer and as a specific rank. It originates in the 16th century, as a shortening of ''captain general'', which rank was taken from Middle French ''capitaine général''. The adjective ''general'' had been affixed to officer designations since the late medieval period to indicate relative superiority or an extended jurisdiction. Today, the title of ''general'' is known in some countries as a four-star rank. However, different countries use different systems of stars or other insignia for senior ranks. It has a NATO rank sc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Comecon
The Council for Mutual Economic Assistance (, ; English abbreviation COMECON, CMEA, CEMA, or CAME) was an economic organization from 1949 to 1991 under the leadership of the Soviet Union that comprised the countries of the Eastern Bloc along with a number of socialist states elsewhere in the world. The descriptive term was often applied to all multilateral activities involving members of the organization, rather than being restricted to the direct functions of Comecon and its organs. This usage was sometimes extended as well to bilateral relations among members because in the system of communist international economic relations, multilateral accords typically of a general nature tended to be implemented through a set of more detailed, bilateral agreements. Comecon was the Eastern Bloc's response to the formation in Western Europe of the Marshall Plan and the OEEC, which later became the OECD. Name in official languages of the members History Foundation The Comecon was fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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