In the 1980s and 1990s, Cuba implemented a series of reforms to attract remittances from abroad. These policies included efforts to attract foreign investment (1982, 1995), the expansion of international tourism (1990), the authorization of some (limited) forms of self-employment (1993), the semi-official “dollarization” of the Cuban economy (1993), the reorganization of the agricultural sector […]

El propósito de esta ponencia es proveer un marco de trabajo para identificar y analizar aspectos estratégicos clave a llevar en cuenta durante el desarrollo de una estrategia de reinserción económica internacional de Cuba, tomando en consideración, según la percepción ricardiana del autor, el estado actual de las cosas, las condiciones y visión del “Pacto […]

The International Monetary Fund (IMF) estimates that 3% to 5% of the gross domestic product (GDP) worldwide is connected with illegal operations.1 This makes small nations like Cuba very vulnerable to political instability due to the lack of resources needed to combat this type of activity. As a result, Cuba opts instead to engage in […]

This paper evaluates Cuban economic performance in 2006–2007, contrasting it with the 2000–2005 period and 1989 (prior to the crisis). The analysis of economic performance includes macroeconomic, physical output, external sector, tourism and balance of payments indicators; social performance will not be discussed herein due to space limitations. The conclusions summarize Fidel Castro’s economic legacy […]

The transition from a command economy system to the market economy has captured considerable attention from a wide array of academics in recent years. Despite prevailing debate, a number of consensual general theoretical points have developed, which relate to the program of reform, referred to as the “Washington Consensus,” the significance of institutions, the relevance […]