In order to evaluate Cuba’s movements towards some forms of market economics, let us first identify the conditions that characterize a market economy in its most ideal state. Then we will be able to determine the magnitude and significance of the deviations between the model and the practice, actual or projected. DEFINITION OF A MARKET […]
Coveting Beijing, But Imitating Moscow: Cuba’s Economic Reforms in a Comparative Perspective
Note[ref]An earlier version was presented at the workshop “The Future of Economic Reforms in Cuba,” sponsored by Shaw, Pittman, Potts & Trowbridge, Washington, D.C., April 10, 1995. The paper presents only the personal views of the author.[/ref] In mid-1995, in the throes of an economic depression and with no generous allies to turn to after […]
Institutional Requirements for Successful Market Reforms
As the title of my paper suggests, my comments will focus on institutions. Specifically, I wish to emphasize that what we refer to as an economic system is a set of institutions, so that economic restructuring essentially involves institutional change. In this paper I will discuss some of the institutional requirements of a market economy […]
The Process of Environmental Impact Assessment in Cuba
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Comments by Roger R. Betancourt on “Restitution vs. Indemnification: Their Effects on the Pace of Privatization” by Luis Locay and Cigdem Ural
The problem the authors choose to solve is the seeming paradox that economists recommend some form of indemnification and oppose restitution but practitioners in transition settings have usually chosen restitution rather than indemnification. In laying out the problem, the authors set up a bit of a straw man by arguing that there are only two […]
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