The island’s economy is neither efficient nor competitive. To move forward it must deepen and accelerate reforms. The market socialism model could provide a way. By Carmelo Mesa-Lago For the past 60 years, Cuba has been unable to finance its imports with its own exports and generate appropriate, sustainable growth without substantial aid and subsidies from […]
Social Welfare And Structural Reforms In Cuba, 2006 – 2017
Author’s note In 1989, before the collapse of the USSR and the socialist countries, Cuban social welfare indicators exceeded those in several of those countries and led most of Latin America: universal and free education and health care, low open or visible unemployment, relatively equal income distribution (although less than in 1980), 17% higher than […]
Panorama de las reformas económico-sociales y sus efectos en Cuba
El 26 de julio de 2007, Raúl Castro anunció reformas estructurales y llamó a un debate nacional que ha sido el más amplio y profundo bajo la revolución, donde participaron no sólo economistas sino también politólogos, sociólogos, juristas y filósofos. Debido a limitantes de espacio, es imposible aquí hacer un análisis integral y profundo de […]
Will the VI Communist Party Congress Solve Cuba’s Economic and Social Problems?
Cuba held the VI Communist Party Congress (PCC) in April 2011 presided by Raúl Castro, after 14 years without holding a Congress. The economic crisis that began in 2008 and was aggravated by the global crisis was a reason for the market-oriented reforms introduced by Raúl in recent years and ratified by the Congress. This […]
Cuban GDP Statistics Under the Special Period: Discontinuities, Obfuscation, and Puzzles
For nearly three decades—from 1962 through 1989—Cuban national income and product accounts were constructed based on the Material Product System (MPS), a methodology developed by the former Soviet Union and applied by other socialist countries. MPS aggregates were not comparable to those of most other nations, who followed the System of National Accounts (SNA) developed […]
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