In his speech of July 26, 2005, Fidel Castro claimed that the Cuban economy had grown 7.3 percent during the first semester of the year. Upon hearing this, my first reaction was amazement about how rapidly national account statistics are being produced in Cuba. How the country produces its national account statistics has always been […]

Es un error suponer que la revolución cubana se hizo para desarrollar la economía del país y elevar el nivel de vida de sus ciudadanos. También es un error concluir que todos los problemas económicos de la isla sólo pueden explicarse como fracasos o errores del gobierno. Es igualmente erróneo evaluar la evolución de la […]

This paper comments on selected aspects of the Report of the Commission for Assistance to a Free Cuba. 1 Our purpose is not to gratuitously criticize the Report—which is probably the best effort any government has made to help another country’s reconstruction since the Marshall Plan for the reconstruction of Europe—but rather to comment on […]

La globalización está proporcionando nuevos desafíos a los grandes apostadores en azúcar, algunos de los cuales están buscando donde invertir fuera de sus predios tradicionales. —David Willers, el ex-representante de la Asociación de Azucareros de Sur África (SASA). Durante los últimos dos años, han convergido una serie de acontecimientos que han impactado el comercio internacional […]

Although the “new” peso, or convertible peso, was introduced in 1994, it was not used as the major monetary exchange in the hard currency food chain until the Cuban government ceased to recognize the U.S. dollar as legal tender in 2004.1 For nearly a decade, from 1993 until November 2004, the U.S. dollar was the […]