The crucial importance of Venezuela to the Cuban economy is widely known. Previous posts in this Blog evaluate the impact of a break-up of the close alliance between Venezuela and Cuba.[1] Such an outcome would constitute a severe shock for the economy of the island. The break-up could result from a change of government in […]
Simulation of a Venezuela-Cuba Breakup[i]
What could derail the Cuban economy? This could arise from a sharp external shock to the economy. A clear event that many analysts and commentators have in mind is the falling apart of the tight relationship between Cuba and Venezuela which is broadly compared to the alliance between Cuba and the Soviet Union during 1961-1990. […]
Cuba’s Growth Strategy Features Human Capital and Foreign Investment: May it Work?
Cuba’s economic policy is firmly based on ideological grounds. Consequently it is not wholly appropriate to evaluate current reforms and its growth strategy in the usual terms for transition economies that emphasize efficiency, the role of markets and ownership rights, European Bank for Reconstruction and Development (2013). Nonetheless, taking into account the ideological context and […]
Foreign Investment in Cuba: Mariel and Liberalization
Cuba is a low recipient of foreign investment. After a surge in 1994-2000 following the demise of the Soviet Union, foreign investment has played a very small role in the economy.[i] Lamentably foreign investment data are not published either by the Cuban government or by countries of origin. Nonetheless national income accounts provide bleak indicators of […]
Cuba’s External Debt Problem: Daunting Yet Surmountable
Cuba has been in default of the bulk of its external financial obligations for over 50 years without negotiations towards a comprehensive restructuring. Even the facts of the case are difficult to ascertain. According to the most current official Cuban information published by Oficina Nacional de Estadisticas, the external debt stood at $12.3 billion at the […]
- « Previous Page
- 1
- …
- 4
- 5
- 6
- 7
- 8
- Next Page »