Friday, April 25, 2014

Our Interdependent Global Economy

Condoms mis-labelled in China cause condom shortage in Cuba.

A batch of condoms from China were mis-labelled with the wrong expiration date. Cuban officials are trying to re-package the condoms with the correct expiration date, but can't do it fast enough. As a result, most pharmacies are out-of-stock, and the pharmacies that have them are selling them for $1.30 each, which is an entire day's wage for the average Cuban.

UPDATE: Since this story originally broke, the Cuban Public Health Ministry has authorized the sale of the condoms with the incorrect expiration date. The correct expiration date is December 2014, but in light of the shortage, I guess the authorities figured that they will all be used up by then.

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