International Monetary Fund, Washington, D.C. 20431. The views expressed are those of the author and do not necessarily represent those of the Fund. This paper was written before the recently-foiled coup The progress, or lack of it, in Soviet economic reform is by now broadly familiar to every student of socialist and formerly socialist economies. […]

Cuban socialism as it has existed for the past three decades is increasingly unviable. Crisis in the Soviet Union has undermined the bulwark of the development model which, especially since the 1970s, had sustained the Cuban economy. Preferential sugar prices, below market petroleum prices, low-interest loans, and soft currency trade were essential for Cuba. Since […]

Introduction After registering impressive rates of growth during the first half of the 80s, the Cuban economy beginning in 1986 entered into a deep economic crisis, from which it has yet to emerge. The factors contributing to this crisis are many and complex in nature and can be attributed to both internal and external factors. […]

This paper has been prepared for presentation at the First Annual Meeting of the Association for the Study of the Cuban Economy (ASCE) in Miami, Florida on August 16, 1991. The views expressed in this paper are those of the author and in no way represent the official views of the International Monetary Fund. This paper […]

A. Brief description of the sugar Overview, organization and management The sugar industry consist of two distinct sectors, agricultural and industrial, which compliment each other in the production of sugar and its derivatives. From the time when the sugar mills were confiscated, and until 1980, all sugar operations were controlled by two ministries, Ministry of […]