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Volume 57 / Social Sciences

ECONOMICS: CUBA


JORGE F. PEREZ-LOPEZ, Bureau of International Labor Affairs, United States Department of Labor


THE ECONOMIC DOWNTURN that began over a decade ago, and intensified during the 1990s, continues to batter Cuba. While the economic free-fall of the early 1990s apparently ended in 1994, positive economic growth recorded since has not markedly improved the population’s standard of living. Modest economic improvement in 1994-96 permitted {Economía y desarrollo}, the most important economic journal, to resume publication in 1995. Annual reports by the Banco Nacional de Cuba (item bi 97012735) and some economics monographs (item bi 97011739) also became available once again during this time. Publication of economic statistical compendia, however, have not resumed.

Cuba’s experimentation with economic reforms in 1993-94 spawned a significant amount of literature that either described and evaluated reforms that had been implemented (items bi 94013785, bi 95015182, bi 97012913, bi 94010804, bi 97011740, and bi 97012914) or proposed new ones (items bi 96014454, and bi 96004183). The reform process slowed considerably after 1994. No meaningful reforms have been implemented since, the exception being those that affect the external sector (items bi 95015182, bi 97012918, bi 97011742, bi 97002474, bi 94009761, bi 97012914, and bi 97011741), particularly those that concern the promotion of incoming foreign investment (items bi 97011743, bi 97012890, bi 97012910, bi 97011751, and bi 97002469).


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