Cuba from Revolution to Development
Ever since the collapse of the Soviet Union in 1991 and the subsequent demise of CMEA (Council for Mutual Economic Advancement), the international communist trading bloc, observers have been predicting that Cuba will go the same way as the rest of the Warsaw Pact: 'market forces' replacing planning directives, and with political representation through political parties competing periodically for the national vote.
Cuba has defied the pundits. And, in the opinion of the author, will not succumb to the liberalizing pressures of the globalized world economy. Cuba faces problems, and in this book the scale of these pressures is assessed in the context of Cuban development since the revolution in 1959. The alternative policy strategies put forward in the traditional literature are theoretically addressed, with the ideological implications of each programme emphasized.
Cuba does face a new, hostile international economic environment, and choices have to be made. But these are political choices, rather than economic ones. The possible economic options open to Cuba are discussed, in light of the political constraints and parameters within which market forces must operate.
'Examining intelligently the different options available to Havana's policy-makers, Ken Cole's mastery of economic theory allows him to explain in accessible language Cuba's economic decline and ensuing surprising recovery in the 1990s....required reading for students and teachers of Cuban affairs, as well as newsmen, policy-makers and investors who need to learn the why and how behind Cuba's promising economic renewal.'
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This growth was from a very low level : between 1990 and 1993 gross domestic
product fell by 34 . ... However , it was not expected that economic growth would
be as buoyant in the latter half of 1996 ; because of climate variations the sugar ...
Domestic growth has not been accompanied by inflation , as is common in
market economies . During this period , capital formation , or investment , grew by
13 per cent , and the production of goods and services for export by 34 per cent .
choices that would have been a reflection of world market prices , will , it is
predicted , in conjunction with fiscal stabilization , create the incentives to
stimulate export growth . Such a belief in the efficacy of economic stabilization on
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The Cuban predicament
The revolutionary imperative
The intellectual parameters of Cuban development
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Autres éditions - Tout afficher
Democracy and revolution: Latin America and socialism today
D. L. Raby
Affichage d'extraits - 2006