Remittances and Their Unintended Consequences in Cuba

Susan Eckstein

World Development, 2010, vol. 38, issue 7, 1047-1055

Abstract: Summary After Soviet aid and trade ended Cuba was forced to reintegrate into the capitalist world economy. Needing hard currency, the government transformed the diaspora into a dollar attaining strategy, by facilitating and tacitly encouraging remittance-sending. Ordinary Cubans themselves wanted remittances to finance a lifestyle they could not otherwise afford. Despite their shared interest in remittances, the government increasingly appropriated remittances at recipients' expense. The article documents why the government encouraged remittance-sending, tensions between its interests in remittances and those of recipients, and contradictions inherent in the hard currency accumulation strategy that the government pursued while remaining politically committed to revolution-linked precepts.

Keywords: Latin; America; Cuba; remittances; economic; crisis; economic; restructuring; socialism (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (3)

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