EconPapers    
Economics at your fingertips  
 

Cuba's Economic 'Reforms': Waiting for Fidel on the Eve of the Twenty-First Century

Roger Betancourt ()

Electronic Working Papers from University of Maryland, Department of Economics

Abstract: In this paper we provide a brief summary and evaluation of the main economic changes or 'reforms' undertaken by the Cuban government during the 1990's. The thrust of our argument is that the regime does not seem to be interested in reforms that lead to a transition to a market economy or even in the more limited goal of introducing widespread market mechanisms subservient to the needs of the communist party as in China. Instead, their policies seem directed at generating mechanisms for the appropriation of foreign exchange by members of the nomenclature while keeping most citizens deprived of independent access to wealth creation activities. We develop our argument by looking separately at 'reforms' in two type of markets: those in which transactions are self-enforcing and those which depend on the contract enforcement mechanisms or services usually associated with market augmenting government to enforce transactions.

Keywords: Cuba; Reforms; Transition; Markets; Self-enforcing Transactions; Market Augmenting Government (search for similar items in EconPapers)
JEL-codes: O54 O1 P3 H4 D23 (search for similar items in EconPapers)
Date: 1999-08
References: View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.econweb.umd.edu/papers/betancourt9903.pdf Full text (application/pdf)

Related works:
Journal Article: Cuba's Economic "Reforms": Waiting for Fidel on the Eve of the Twenty-First Century (1999) Downloads
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:umd:umdeco:99-008

Ordering information: This working paper can be ordered from
Department of Economics, University of Maryland, Tydings Hall, College Park, MD 20742

Access Statistics for this paper

More papers in Electronic Working Papers from University of Maryland, Department of Economics Department of Economics, University of Maryland, Tydings Hall, College Park, MD 20742.
Bibliographic data for series maintained by Peter Murrell ().

 
Page updated 2021-04-12
Handle: RePEc:umd:umdeco:99-008