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From Planning to Market: A Framework for Cuba
Author(s) -
FONT MAURICIO,
JANCSICS DAVID
Publication year - 2016
Publication title -
bulletin of latin american research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 33
eISSN - 1470-9856
pISSN - 0261-3050
DOI - 10.1111/blar.12409
Subject(s) - planned economy , state (computer science) , economic system , economic reform , population , socialist economics , transition (genetics) , political science , economics , economy , development economics , china , sociology , biochemistry , chemistry , demography , computer science , law , gene , algorithm
The measures introduced by Raúl Castro since 2008 and the most recent US–C uba policy change indicate that Cuba is shifting from a planned and highly centralised state socialist economic model toward one in which economic actors and markets become main drivers of the economy. The examples of Asian and Central and Eastern European socialist countries suggest four distinguished pathways for such transition. The question is which one may provide a feasible model for Cuba. Based on the country's economic and population structure, this study places the Cuban case within the framework of socialist economic transitions and explores some policy implications.