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The Cuban Economy in a New Era: An Agenda for Change toward Durable Development (Series on Latin American Studies)
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The Cuban Economy in a New Era: An Agenda for Change toward Durable Development (Series on Latin American Studies)

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The Cuban Economy In A New Era: An Agenda For Change Toward Durable Development (Series On Latin American Studies)

Cuba’s economy has grown hardly at all during Raúl Castro’s presidency (beginning in 2006), hit by the economic collapse of its Venezuelan partner and burdened by a legacy of decayed infrastructure, a bankrupt sugar industry, and stagnant agriculture. The Cuban Economy in " a New Era diagnoses the ills that afflict Cuba’s economy and examines possible economic policy changes in seven areas: macroeconomic policy, central planning, small and medium private enterprises, nonagricultural cooperatives, financing options for the new private sector, state enterprise management, and relations with international financial institutions. Cuban economists have contributed these seven chapters, and the combined import is further considered in introductory and concluding chapters. The book is the culmination of over a decade of scholarly collaboration with Harvard scholars, anchored in a series of workshops held over several years in Cambridge, Massachusetts, and Havana.

David Rockefeller Center for Latin American Studies

David Rockefeller Center for Latin American Studies

Jorge I. Domínguez

Jorge I. Domínguez

No of Pages
182
Publisher
David Rockefeller Center for Latin American Studies
ISBN-13
978067498035
Awards
None
Book Format
Paperback
Published Date
Jan 8, 2018

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Author InterviewInterview with Jorge I. Domínguez 

Interview Date : Jul 5, 2018

Please sign up to listen to the full interview of at least 40 min.

Interview Summary

In the last five decades, Cuba has struggled to develop a diversified and growing economy in an attempt to lift living standards. With an average daily income of only one dollar, most Cuban citizens are barely getting by even after decades of reforms.

In 2008, expectations ran high when Raul Castro inherited the top office in the country. But the opening of the Cuban economy has created a two-tier currency and several distortions and benefits that are limited to a select few. In this situation of pervasive poverty, the government relies on remittances and sending workers abroad as a primary source of foreign exchange.

Professor Jorge I. Domínguez edits a series of essays in The Cuban Economy in a New Era, highlighting the challenges and opportunities faced by newly-appointed President Miguel Diaz-Canel. Communist leaders continue to strangle the economy, limiting the entrepreneurial energies of its people and operating with the philosophy that prosperity and openness will throw the regime out of power.

Will the new economic era in Cuba lead to better allocation of resources, Internet access for the masses and a diversified economy so that the island nation’s 11-million population can enjoy a standard of living that they are capable of?

Professor Domínguez (on administrative leave) is Antonio Madero Professor for the Study of Mexico in the Department of Government at Harvard University, Faculty Associate of the Weatherhead Center for International Affairs and of the David Rockefeller Center for Latin American Studies. His research focuses on the domestic and international politics of Latin American countries.

Key Topics

  • Why has Cuba struggled to develop an advanced or industrialized economy?
  • What was the state of the economy when President Raul Castro entered the office a decade ago?
  • What kind of economic and social reforms were carried out and which reforms worked?
  • +

Table of Contents

1. Cuba’s Economy at the End of Raúl Castro’s Presidency: Challenges, Changes, Critiques, and Choices for the Future ... 1
Jorge I. Domínguez
2. An Analysis of the Cuban Economic Reform ... 23
Ricardo Torres
3. The Planning Paradigm in Cuba: Tethering the Economic Takeoff ... 53
+

About Jorge I. Domínguez

Professor Domínguez (on administrative leave) is Antonio Madero Professor for the Study of Mexico in the Department of Government at Harvard University, Faculty Associate of the Weatherhead Center for International Affairs and of the David Rockefeller Center for Latin American Studies. His research focuses on the domestic and international politics of Latin American countries.

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Testimonials

“With the passing of Fidel Castro and the reestablishment of U.S.–Cuban relations, Cuba is poised for major change―but towards what? In The Cuban Economy in a New Era, we get a rare glimpse from the inside. Ten leading scholars from the island discuss critical factors in that transformation, including the major economic reforms to date, the key players (from new cooperatives to the emerging private sector), and the role of the formal financial sector and the challenges of innovation and planning. In the process, we get an invaluable first-hand view of how the Cuban economy really functions. To cap it all, as bookends, two long-time Cuban analysts, Harvard’s acclaimed Jorge Domínguez and Lorena Barberia of the Universidade de São Paulo, put this in perspective for us. This book is a key contribution, at precisely the right time.”

Michael ChuHarvard Business School, and Managing Director and Co-Founder, IGNIA Partners LLC

“This is an excellent volume that profoundly analyzes Raúl Castro’s economic reforms, including the documents of the VII PCC Congress in 2016, with solid and balanced evaluations of performance, and sound recommendations for the future.”

Carmelo Mesa-LagoDistinguished Service Professor Emeritus of Economics and Latin American Studies, University of Pittsburgh

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