The peculiar situation of the Cuban economy in the 1990s has brought to central stage the island’s role in world society.1 The severe crisis induced by the collapse of communist regimes in Eastern Europe and the old Soviet Union left Cuba’s state socialism facing the challenge of reintegration into a largely-capitalist world society. But the […]

Thank you for the opportunity to join you in Miami today and participate in your stimulating discussions on the Cuban economy. The main focus of my remarks will be a broad overview of the recent reform effort in Latin America and the Caribbean. Some may say that the differences between Cuba and the rest of […]

Notes1 La economía cubana creció en 2.5% en 1997, según informes oficiales. Sin embargo, en casi todos los sectores de la economía nacional, no se cumplieron con las metas de producción, productividad e inversión. En Cuba, como en muchos países de economía abierta, el crecimiento económico esta asociado fundamentalmente con el incremento de las exportaciones, […]

The timid, oscillating and tightly-regulated market oriented reform has been halted since March 1996, when Raúl Castro strongly criticized the negative effects of the reform, followed by the purge of some academic reformists. That halt was ratified by the Economic Resolution approved by the Fifth Communist Party Congress held in October 1997. Rather than turning […]