12-07-2010.
Institute of Developing Economies
(www.miscelaneasdecuba.net).- I have received copy of a paper written by
a Cuban economist in the island about the Cuban economy and the policies
adopted by the government of Raul Castro. Pavel Vidal is a professor at
the Center for the Study of the Cuban Economy in Havana , Cuba and has
worked at the Central Bank of Cuba .
His paper is the second chapter of a publication of the Institute of
Developing Economies of Japan's External Trade Organization. It is 38
pages long, contains data about Cuba 's macroeconomics performance and
discusses the problems faced and the policies adopted. While it claims
that the economic policies implemented by Raul Castro's administration
have been effective in helping control government expenditures, they
have not provided sufficient incentives to encourage the rise in income
and productivity, and that without a lender of last resort viable
alternatives are not visible for a solution of the short term financial
crises faced by the country. As a result there remains a high
probability for the Cuban economy to submerge in a stagnation or
recession period.
The author has authorized that the paper be made available to members of
ASCE.
The paper can be accessed at:
"Cuban Economic Policy under the Raul Castro Government"
Pavel Vidal Alejandro
http://www.ide.go.jp/Japanese/Publish/Download/Report/2009/pdf/2009_408_ch2.pdf
Institute of Developing Economies
Japan External Trade Organization
http://www.miscelaneasdecuba.net/web/article.asp?artID=28815
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