UNDERSTANDING CUBA’S CAPITAL FLOWS[1] Luis R. Luis Cuba has modest access to international capital markets. This in addition to an inactive membership in international financial organizations means capital flows to the island are limited to trade finance and investment from a few partners. Official Cuban data on capital movements is inexistent, even as the […]
Will Stealthy Privatization Rescue the Cuban Economy?
Will Stealthy Privatization Rescue the Cuban Economy?[1] Luis R. Luis Privatization is a key element of the transition of communist economies towards the market. This comes about from the need to achieve better allocation of investment and consumption while enhancing growth prospects and the well being of the population. We take it from repeated […]
Cuba: Is it a Demographic Revolution or a Blip?
During the first 12 years of the XXI century demographic and labor statistics in Cuba could be comfortably summarized as follows: the population is stagnant; there is a fairly constant flow of outward migration; the population of working age is rising very slowly and is beginning to fall. But this scenario of basic stagnation appeared […]
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