I. Introduction The transition of Cuba from Marxism to democracy raises a number of important constitutional and legal issues. In this short paper all I can hope to do is make the reader aware of some of these questions and suggest solutions for some of them. However, as almost always in law, especially when dealing […]
An Economic Evaluation of the Foreign Investment Law of Cuba
On September 5, 1995, the Popular Power Assembly of Cuba enacted Law No. 77 which regulates foreign investments in Cuba. This law replaced previous Law No. 50 which enacted in 1982 had failed to attract a significant amount of foreign investments. According to the United Nations, the annual flows of direct foreign investment into Cuba […]
Una política o un sistema monetario óptimo
I. Introducción Después de su liberación e instauración de un gobierno democrático, Cuba tendrá que escoger su política monetaria. Existen dos alternativas para llegar a la mejor decisión. Una es la opción de una política monetaria de transición, de un sistema socialísta planificado a una economía de mercado; la otra es tomar la decisión de […]
Thoughts on the Cuban Sugar Industry
I. Introduction Remember the classic Cuba axiom “Sin azúcar no hay país”? The question should now be asked: is this principle still valid in the last decade of the Twentieth Century, after approximately 200 years of dominating all aspects of the island’s psychological and economic existence? This question has to be raised regardless of whether […]
Non-Walrasian Properties of the Cuban Economy: Rationing, Labor Supply and Output
I. Introduction The range of opportunities to carry out empirical research on the Cuban economy is generally limited by the lack of data or by the nagging suspicion that the available data do not tell all there is to know, especially during the last thirty three years of government control of the sources of information. Economic […]