How to Rebuild Cuba's Crumbling Economy.

The article focuses on Cuba’s severe economic crisis, exacerbated by a U.S. oil blockade under the Trump administration and the Cuban Communist Party’s adherence to an outdated state-led model. It highlights the urgent need for comprehensive reforms, including appointing a new economic team, lifting the U.S. embargo, securing property rights, and streamlining the state sector through privatization and foreign investment. Key sectors for revitalization include tourism, renewable energy, agriculture, and manufacturing, with potential roles for Cuban entrepreneurs and diaspora capital. The article also discusses the necessity of a bilateral agreement between the U.S. and Cuba that balances economic renewal with political realities, while warning of significant humanitarian and political risks if negotiations fail. [Extracted from the article]