Prepared for delivery at the First Annual Meeting of the Association for the Study of the Cuban Economy, Florida International University, Miami, Florida, August 15-17, 1991. The paper expresses strictly the personal views of the author The Cuban-Soviet trade protocol for 1991, concluded in December 1990, introduced a number of important changes to the trading […]

INTRODUCCION Agradezco mucho a Roger Betancourt y a todos los miembros de esta Asociación, a la mayor parte de los cuales me unen viejos lazos de afecto, haberme pedido inaugurar la cátedra Carlos Díaz Alejandro, lo que para mi constituye un gran honor y una enorme satisfacción dada la gran amistad que tuve con Carlos, […]

This paper draws some conclusions from the experience with on-going privatization programs in the emerging market economies of Central and Eastern Europe. The experience of these former members of CMEA, the disintegrating communist economic block, is the most relevant for Cuba, also a member of CMEA, with an economy modeled on the central planning and […]

I am grateful to Armando Linde and Kent Osband for helpful comments on an earlier draft. The views expressed in this paper are those of the author and in no way represent the official views of the International Monetary Fund. In the first Carlos F. Díaz Alejandro lecture presented before a recent meeting of the […]

Introduction A central feature of the Cuban economy throughout its history is that it has been a ‘developing’ country, to use the politically correct euphemism adopted by our profession for describing economic systems that are unable to enjoy sustained economic growth. This condition has characterized the economy before the Revolution and during the Revolution. One […]