Will Stealthy Privatization Rescue the Cuban Economy?[1] Luis R. Luis   Privatization is a key element of the transition of communist economies towards the market.  This comes about from the need to achieve better allocation of investment and consumption while enhancing growth prospects and the well being of the population.  We take it from repeated […]

  Cuba is gradually restructuring its external debt which for decades had been largely in default.  Over the last three years Cuba restructured official debts with Japan, Russia, China and Mexico.  On December 12, 2015 Cuba reached an important accord with 14 of the 20 creditor countries of the Paris Club regarding some $11.1 billion […]

Cuba is avoiding severe economic damage from the economic turmoil in its close ally Venezuela.  Officials report an increase in annualized real GDP of 4.7% in the first half of 2015 after meager expansion of 1.3% in the previous year.[1]  The expansion is broadly based across productive sectors particularly industry,  agriculture and commerce.  This at […]

It is hardly a secret that the economy of Cuba is in a sorry state.  Visits to Cuba provide testimony as to widespread poverty, food and housing shortages and the marked decay of buildings, infrastructure and machinery.  Official GDP per capita of $6800 for 2013 places Cuba below the $8700 average of the 12 Latin […]