What are the economic and cultural benefits of tourism. What are the downsides to too much tourism. How to find the right balance. Topics covered include: How short-term rentals have changed tourism How cities grapple with too many short-term rentals What is the outlook for short-term rentals How much does tourism contribute to economic output How can tourism be harmful and helpful The example of Cuba Show Notes International tourism revenue, percent of GDP - … [Read more...]
93: Capitalism, Complexity and Cuba
Why uncertainty and failure is necessary for a functioning economy and why Cuba is embracing both in its struggle to reform its economy. Photo by J.D. Stein In this episode you'll learn: Why the Cuba economy is struggling.Why Cuba is experiencing inflation.What is Cuba's largest export.What Cuba is doing to reform its economy.Why you need uncertainty for a functioning economy.What are the qualities of a complex system . Show Notes In a reversal, Cuba tries price … [Read more...]