{"id":255265,"date":"2022-07-13T08:59:22","date_gmt":"2022-07-13T12:59:22","guid":{"rendered":"https:\/\/oncubanews.com\/en\/?p=255265"},"modified":"2022-07-13T08:59:22","modified_gmt":"2022-07-13T12:59:22","slug":"the-21st-century-is-already-21-years-old","status":"publish","type":"post","link":"https:\/\/oncubanews.com\/en\/opinion\/columns\/counterbalance\/the-21st-century-is-already-21-years-old\/","title":{"rendered":"The 21st century is already 21 years old"},"content":{"rendered":"

And yes, shortly before the one-year anniversary of the adoption of the <\/span>decree-law<\/b><\/a> that formally made them legal, 4,200 MSMEs<\/a> have seen the light of day. It has been one of the longest gestation processes I have witnessed, which began in the mid-1990s, more as an intention to investigate and search for alternatives. It happened when the national economy was beginning a recovery process, thanks \u2014 among other things \u2014 to a rather heterodox process of reforms, but which had the virtue of being based on a certain decentralization of the economy, valuing foreign investment even if it was surrounded by innumerable prejudices and giving more space, albeit reluctantly, to the self-employed.<\/span><\/p>\n

The dynamics of the economy responded, despite the tremendous exchange rate distortion, to having three currencies operating in circuits that barely communicated with each other, with a very low rate of gross capital formation and investment. Under a strict blockade that had in the adoption of the Helms-Burton Act a more sophisticated and better designed version so that no future U.S. president would come up with the idea of \u200b\u200blifting it on his own.<\/span><\/p>\n

Foreign Direct Investment and now the SMEs (previously the TCPs or self-employed workers) are probably the decisions that have most concentrated and united both extremes of criticism and resistance. During this crossfire, which is not at all \u201cfriendly,\u201d foreign investors and national private entrepreneurs struggle not to suffer from the hot dog syndrome, that of feeling trapped\/crushed by both sides.<\/span><\/p>\n

The business system<\/a><\/p><\/blockquote>\n