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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... educated now earn less because their income is in Cuban pesos rather than
US dollars . The majority of Cubans without regular access to dollars can only
look on at the minority who can enjoy the fruits of the dollar economy . Not only is
for the domestic economy , the value of the peso is expected to rise and the
importance of the dollar to fall . The unofficial peso ... Trading in pesos in the free
agricultural markets has also had an effect on ' excess liquidity ' . In the fiscal year
should ' floať , the value of the Cuban peso being determined by market forces ,
reflecting the demand for pesos to buy Cuban goods and the supply of pesos to
pay for imports to Cuba . This means that the international value of the currency ...
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The Cuban predicament
The revolutionary imperative
The intellectual parameters of Cuban development
10 autres sections non affichées
Autres éditions - Tout afficher
Democracy and revolution: Latin America and socialism today
D. L. Raby
Affichage d'extraits - 2006