Dr. Perez-Stable’s paper argues that Cuban socialism is increasingly unviable because of the reduction of the Soviet Union subsidies, the continuation of the United States blockade, and the increasing demands for political changes by the middle class. She notes that this has led many observers to believe that the restoration of a market economy and […]

I concur with Luis on the basic premise that privatization is an essential ingredient of a broad-based package of liberalization measures. Although costly and potentially disrupting in the short term, it must be done relatively fast and in parallel with the development of measures that provide the necessary infrastructure for the efficient function of a […]

Felipe Pazos has expressed the view that in the transition from a centrally planned to a market economy, a policy of gradualism seems to be optimum. Hernandez-Cata differs from Pazos on this issue, proposing a more frontal and radical approach. I would argue that it will not be easy to sell such an approach to […]