Cuban Economists on the Cuban Economy (Contemporary Cuba) by PDF

ISBN-10: 0813044235

ISBN-13: 9780813044231

Such a lot released fabric in English at the Cuban financial system is written via non-Cubans. The aim of this publication is to give, in English, a spectrum of perspectives on a variety of elements of the Cuban financial system from twelve Cuban economists revered in Cuba for his or her paintings. The book’s temporal concentration is the unique interval, 1990-2009, even though it additionally offers the former thirty years as worthwhile historical past. The paintings is split into 3 thematic sections of 4 chapters each one: (1) the macroeconomy; (2) socioeconomic concerns; and (3) particular branches of construction. person chapters tackle the macroeconomy, overseas exchange, making plans, the commercial elements of residing in Cuba, poverty, demographics, hard work, tourism, agriculture, and knowledge-based sectors. The authors emphasize empirical help for the positions they current as they strengthen the vital topic that yokes the several chapters: the level to which the industrial adjustments that happened over the distinctive interval inspired how the Cuban financial system capabilities now and as prelude to extra significant alterations that would are available the longer term. A moment very important subject matter through the chapters is Cuba’s persevered dedication to creating offerings that increase human health and improve the development of a socialist financial system, albeit with many new rules on either what's attainable and essential to deliver those ambitions approximately.

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Extra info for Cuban Economists on the Cuban Economy (Contemporary Cuba)

Example text

This shift, however, left Cuba with a severe shortage of foreign exchange, which crippled its state industrialization efforts, its ability to build the infrastructure necessary for national development, and even its efforts to develop the required competencies in the labor force. Therefore, Cuba elected to return to producing and exporting the crop it already had the infrastructure and skills to produce: sugar. Sugar revenues, it was reasoned, could generate the necessary foreign exchange to support a gradual, ongoing process of industrialization and balanced economic development.

Given the uncertainty concerning the nature of the illness and the time necessary for Fidel’s recovery, no official changes in government titles were effected at that time: Raúl became acting president by vote of the National Assembly of People’s Power on July 31, 2006. He was subsequently elected president on February 24, 2008. 7. cu. All translations are mine. 8. I argue here that the reason it is important to read the works of Cuban economists is the pro-socialist frame that most of them operate in (as well as their perspective from Introduction: Finding a New Road (Again) to a Socialist Economy 21 daily life in that system).

While the goal of building a socialist economy influences all of Cuba’s policies and practices for promoting economic growth (in theory an objective common to all economies), this impact is particularly evident in Cuba’s ideas on what socioeconomic development entails. Rita Castiñeiras García provides an overview of this issue in chapter 5. After a general discussion of the difficult issue of measuring well-being and a historical description of what the Revolution faced when it began in 1959, she then outlines the orientation and achievements of Cuba’s socioeconomic policies to date.

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Cuban Economists on the Cuban Economy (Contemporary Cuba)

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