So much released fabric in English at the Cuban financial system is written through non-Cubans. The aim of this booklet is to offer, in English, a spectrum of perspectives on a number of facets of the Cuban economic climate from twelve Cuban economists revered in Cuba for his or her paintings. The book’s temporal concentration is the specified interval, 1990-2009, even though it additionally offers the former thirty years as useful heritage. The paintings is split into 3 thematic sections of 4 chapters every one: (1) the macroeconomy; (2) socioeconomic concerns; and (3) particular branches of construction. person chapters handle the macroeconomy, international exchange, making plans, the industrial elements of residing in Cuba, poverty, demographics, exertions, tourism, agriculture, and knowledge-based sectors. The authors emphasize empirical aid for the positions they current as they increase the vital topic that yokes different chapters: the level to which the industrial adjustments that happened over the precise interval stimulated how the Cuban economic climate services now and as prelude to extra significant alterations that might are available in the long run. A moment very important subject matter through the chapters is Cuba’s persisted dedication to creating offerings that increase human wellbeing and fitness and improve the construction of a socialist financial system, albeit with many new rules on either what's attainable and essential to convey those pursuits approximately.
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Extra resources for Cuban Economists on the Cuban Economy (Contemporary Cuba)
But exactly at this point Cuba’s chosen commitment to building socialism takes center stage, particularly in relation to the treatment of labor in this process. Improving labor productivity and general productive efficiency will require further changes in labor conditions and relations beyond those already instituted over the last twenty years. But whereas today first-world countries and most of the third world are attacking labor’s rights and previous gains, Cuba’s socialist commitment precludes that path.
By then Cuba’s only significant economic relations with CMEA countries were with the USSR, and these too soon broke down. In light of all these issues, and the fact that its ruble debt now had to be repaid in convertible currency, Cuba considered its Russian debt a matter for discussion and renegotiation. 24 With regard to the organization of the economy, the biggest changes in this period occurred in the early 1970s and related to its insertion into the international socialist division of labor that prevailed in CMEA.
First, Cuba still imports a large amount of the food it consumes, which limits the foreign exchange available for developing the Cuban economy. Second, food is increasingly being used internationally as a political weapon, and hence the issue of food sovereignty (the ability of a country to meet its own food needs) as a necessary component of national sovereignty has become a topic of international discussion in recent years. Third, and in the final analysis the most important for Cuba, increased domestic food production is important for Cuba’s central goal of constantly improving its population’s well-being, especially given rising costs and other problems in international food markets.