"Mesa-Lago and Perez-Lopez have achieved the rarest of feats: they have given us a dispassionate, data-rich, comparative, provocative, and policy-oriented analysis of Cuba's aborted economic reforms of the last decade."--Ted Henken, Baruch College, CUNY
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"The most calm and careful analysis yet of Cuba in 2005."--Irving Louis Horowitz, Rutgers University????????
"An excellent contribution to the economic literature in Cuba . . . A must read for scholars interested in Cuban affairs, as well as for those with broader concerns such as U.S. foreign policy and general prescriptions for countries transiting to more liberal economic policies . . . Timely and well documented . . . Highly recommended for those interested in the island, U.S.-Cuba relations, and Latin American affairs generally."--Sergio Diaz-Briquets, senior vice president, Casals & Associates, international management consulting and communications firm????????????
"Informative. Comprehensive. Systematically comparative.? Mesa-Lago and Perez-Lopez bring their years of path-breaking excellent research on the Cuban economy to describe how Cuba responded to the crisis provoked by the collapse of the Soviet Union … A sure and clear guide to understanding Cuba's economy today."--Jorge Dominguez, Weatherhead Center for International Affairs, Harvard University??????
?"Timely proposes moderate recommendations on desirable economic reforms in post-Castro Cuba . . .? recommend[ed] to all who have interests, not only in the Cuban economy, but also [in] economic development and social welfare in general, and in transition from socialist systems towards the market."--Kanako Yamaoka, Institute of Developing Economies?????????????????
This volume analyzes Cuban socioeconomic policies and evaluates their performance since the collapse of the Soviet Union and the socialist camp. It provides a brief historical background to the crisis and analyzes in detail the deterioration and incomplete recovery since 1990. Comparing Cuba's performance with that of other Latin American and former socialist countries, it summarizes the views of noted Cuban economists and proposes policies that architects of the Cuban transition might wish to put in place after the passing of Castro.
Focusing on economic and social policies and performance during the “Special Period in Time of Peace” (1990-2004), the authors draw on an impressive array of statistics (synthesized in 28 tables) to show that in 2005 Cuba has yet to return to economic levels of the late 1980s, and the access and quality of many of the highly touted social services--education, health care, social security, housing--also have not been restored to the levels achieved prior to the economic crisis triggered by the collapse of the Soviet Union. Meanwhile, they argue, poverty has expanded and unequal access to foreign remittances combined with expanding income differences have exacerbated social inequalities and widened the consumption gap between those with access to hard currency and those without.
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The authors demonstrate that governmental concerns about a strengthening private sector resulting in loss of political control finally prompted the Cuban leadership to prioritize political over economic ends.? It aborted the modest market-oriented reforms of 1993-1996 and actually reversed them in 2003-2004, recentralized the economy, drastically reduced the limited spaces for private economic activity, exerted increasing control over hard currency, prohibited the circula
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