Cuba Economy

As once-powerful communist rulers flee their presidential palaces and centralized economies give way to free markets, the future of Latin America's last socialist country hangs in the balance. In a fast-paced style that is both technically sophisticated and admirably free of economic jargon, Eliana Cardoso and Ann Helwege provide a much-needed road map for a peaceful and productive transition from communism to capitalism. They vividly depict the tough choices Cuba faces in the years ahead, and propose a series of reforms to ease Cuba through a transition to capitalism while preserving some legitimate gains--such as those in education and health care--that socialism has provided the Cuban people. The authors begin with the crux of Cuba's predicament: it is an overly centralized single-crop economy that is fast running out of money, as it can no longer depend on privileged trade relations with the former Soviet Union. In this difficult period, Cuba faces the challenge of managing an increasingly chaotic, dysfunctional economy. Is Cuba's transition to capitalism bound to yield another Haiti? Cardoso and Helwege answer with a resounding no. They begin their analysis with a fascinating history of the political roots of Cuba, from Cuban "independence" after the Spanish-American War to the rise of Castro and the development of a socialist economy. After discussing the various economic alternatives reflected in the experience of neighboring countries--models as diverse as Nicaragua, the Dominican Republic, Costa Rica, and Chile--the authors present a systematic program to help Cuba prevent economic decline and political chaos. Their plan involves rapid privatization and the attraction offoreign investment, while providing safeguards against the excesses and inequalities endemic to Latin American capitalism.

How can Cuba address the challenges of economic development and transformation that have bedeviled so many Latin American and Eastern European countries? What are the universally common macroeconomic and societal challenges it faces and the specific peculiarities that have emerged after a decade-long transformation of its economy? For the Cuban and American social scientists and policy experts writing in this timely and provocative volume, the answer lies in examining Cuba's development trajectory by delving into issues ranging from the political economy of reform to their impact on specific sectors including export development, foreign direct investment, and U.S.-Cuba trade. Moreover, the volume also draws attention to the intersection between economic reform and societal dynamics by exploring changes in household consumption, socio-economic mobility, as well as remittances and their effects, while remaining steadfast in its focus on their policy implications for Cuba's future.

Economy of Cuba - The Cuban Government adheres to communist principles in organizing its state-controlled economy. Most of the means of production are owned and run by the government and about 75 percent of the labour force is employed by the state.

Electron economy - The electron economy is a concept analogous to the hydrogen economy, methanol economy, ethanol economy, zinc economy, lithium economy or liquid nitrogen economy but where the energy vector is electricity instead of hydrogen, methanol etc.

Lithium economy - The lithium economy is a concept analogous to the hydrogen economy, methanol economy, ethanol economy, zinc economy, electron economy or liquid nitrogen economy but where the energy vector is lithium instead of hydrogen, methanol or ethanol, zinc or liquid nitrogen.

Zinc economy - The zinc economy is a concept analogous to the hydrogen economy, methanol economy, ethanol economy, lithium economy or liquid nitrogen economy.

cubaeconomy

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