Economic Normalization with Cuba: A Roadmap for US Policymakers

Gary Hufbauer, Barbara Kotschwar, Cathleen Cimino () and Julia Muir
Additional contact information
Cathleen Cimino: Peterson Institute for International Economics
Julia Muir: Peterson Institute for International Economics

in Peterson Institute Press: All Books from Peterson Institute for International Economics

Abstract: For more than 50 years the United States has attempted to destabilize and isolate the Castro regime in Cuba with the use of trade and financial sanctions, a policy that has fallen short of its objective. In this Policy Analysis, Gary Clyde Hufbauer and Barbara Kotschwar suggest that the sands of time may accomplish what economic pressure did not. Raúl Castro, president of Cuba since 2008, plans to step down at the end of 2018, implying a new regime in five years. Various forces are starting to emerge favoring economic normalization if Cuba appears ready to change its policies as well as its leadership. The authors caution, however, that a unilateral dismantling of US sanctions without insuring that proper institutions are in place in Cuba could squander a golden opportunity for US companies. They argue that a new US-Cuba relationship must entail a lifting of Cuba's barriers to trade and investment, liberalization of its economy, and the adoption of democratic institutions. They offer a roadmap for a future US-Cuba rapprochement.

Date: 2014
ISBN: 978-0-88132-682-6
Note: Policy Analyses in International Economics 103
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.piie.com/bookstore/economic-normalizat ... dmap-us-policymakers (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:iie:ppress:6826

Access Statistics for this book

More books in Peterson Institute Press: All Books from Peterson Institute for International Economics 1750 Massachusetts Ave., NW, Washington, DC. Contact information at EDIRC.
Bibliographic data for series maintained by Peterson Institute webmaster ().