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Democracy's Debt Dilemma

Harvard Business Review

And at that time, the United States had a public debt/GDP ratio of around 65% — a number that has since passed 100%. According to The Economist , the world's governments currently hold debts of approximately $45 trillion (relative to a world GDP of $65 trillion ). Nearly every major democracy is now struggling with public debt.

GDP 12
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Doing Business in a Post-Fidel Cuba

Harvard Business Review

With a limited financial system, Cuba lacks the domestic savings to raise fixed capital investment above the current level of 10% of GDP (half the average of Latin America). At the last Congress, in 2011, Raul Castro had announced plans to introduce new market reforms and attract foreign investment. An economic crossroads.