A modern economy is usually based on a few industries or economic pillars that keep the economy afloat, resilient and viable in the long term. The loss of these staple pillars to an economy often results in eventual economic and political decline, and in some cases can lead to fairly rapid economic collapse. No political […]
Obama has already begun the process of normalizing relations with Raul Castro’s government. However, it will fall upon the next U.S. President to end the island’s economic isolationism.
Iran’s revenue from oil exports is off by 40% thanks to the sanctions imposed by the U.S. and EU over the Iranian nuclear program. Oil Minister Rostam Qasemi told the budget commission of the Iranian parliament, “There has been a 40 percent decrease in oil sales and a 45 percent decrease in repatriating oil money.” […]