Cuba’s announced restructuring of its sugar sector in 2002 was one of the largest centralized economic decisions students of business policy and economics could ever hope to observe. In the spirit of “command-countermand” 71 mills were permanently closed (Hagelberg and Alvarez, 2006). While knowledge of many of the details of the restructuring will have to […]
Avoiding Managerial Human Capital Loss in Transition II Sugar Factories
In the decade after 1958, hundreds of thousands of Cubans left Cuba. Among those who exited were many highly skilled workers who had managed Cuba’s 161 sugar factories. Although the physical capital left behind remained intact, the human capital embodied in each of the emigrants was lost to the Cuban sugar industry forever. Revolutionary leaders […]