After more than 50 years, on December 17, 2014, there was a dramatic change in the relationship between the United States and Cuba as both nations began a process of rapprochement. This included the reestablishment of diplomatic relations between the two nations, the removal of Cuba from the list of nations sponsoring terrorism, a loosening […]
2015 Conference Program
Economic and Political Situation Carlos Seiglie, ASCE President Alexis Jardines, Florida International University Vegard Bye, University of Oslo, Center for Development and the Environment Emilio Morales, The Havana Consulting Group Economic Realm of Restoration of Cuba-U.S. Relations Ernesto Hernández-Catá, The Foundry, Inc. and IMF (retired), “Preparing for a Full Restoration of Relations Between Cuba and […]
Reflections on the State of the Cuban Economy
Given the recent momentous political developments between the United States and Cuba, expectations for business opportunities by US firms and private investors appear high. Yet it seems to me that these expectations are not consistent with the fundamentals underlying the Cuban economy. In fact, since the new economic reforms were announced at the end of […]
A Simple Growth Model of the Cuban Economy
The objective of this paper is to analyze certain stylized facts of the Cuban economy. The first is the recent policy by the Cuban government to allow the development of a private sector alongside the state sector. The second is the push towards greater industrialization with the development of the port of Mariel. The third […]
Economic Development in the Tropics: Fiction or Possibility
Notes1 The Asian crisis and the problems in many transition economies, especially Russia, have brought to the surface a number of issues that implicitly or explicitly involve addressing one of these two questions: Is economic development feasible for some countries? Or its variant: Under what circumstances is economic development feasible for some countries? Over the […]