The Caribbean will enjoy steady growth in its all-important tourism sector as the U.S. economy continues its recovery, but serious issues — ranging from violent crime in some destinations like the Bahamas and Trinidad to the widely despised U.K. air passenger duty — could prevent the region from realizing its full potential in 2014.
José J. Villamil, one of Puerto Rico’s leading economists, offered a grim assessment of the island’s fiscal health during a lecture Tuesday at Washington’s Center for Strategic & International Studies.
Up to 40 percent of Cuba’s labor force is already working in the private sector, making the country a largely middle-class society and discrediting the notion that Fidel and Raúl Castro must die before real economic change can occur on the island.
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