Author

Ricardo Torres

Cuba’s economy in 2017

Cuba’s economy in 2017

Although the economy dealt with several shocks throughout the year, the response — from the standpoint of economic policy — was insufficient. We might even say that the economic agenda slipped into the background. During the year, no initiative was concretized dealing with any new form of transformation of the economic model.

Impoverish the Cuban people, so they may be freer

Impoverish the Cuban people, so they may be freer

With a new tenant in the White House some of the worst predictions about the foreseeable turn in U.S. policy toward Cuba have become reality. Once again, the biggest loser is the Cuban people. U.S. citizens also lose, in the exercise of their proclaimed constitutional right to travel freely to any country, in this case one that does not constitute a threat of any kind to U.S. national security.

Here we go again

Here we go again

On Aug. 1, a note published in the daily Granma told about the adoption of a group of measures that would be part of the “improvement” process of self-employed entrepreneurship (private business) and cooperatives. From that moment on, people linked to the sector experienced great disquiet, for obvious reasons.

The Cuban economy in the first half of 2017

The Cuban economy in the first half of 2017

Reports from the first-semester meeting of the National Assembly of the People’s Power say that the Gross National Product rose by 1.1 percent in the first semester. Coincidentally, this result is not much different from the only obtained in the first period of 2016, but achieved under conditions that are somewhat different from that period.

Wealth, property and other evils

Wealth, property and other evils

For various reasons, Cuba has uncritically accepted the supposition that social justice and equality of opportunities require that state property be in the majority, leaving aside an impressive number of mediating factors that weigh on the direction and nature of this relationship.

On the issue of the interests of the Cuban people

On the issue of the interests of the Cuban people

It is possible that the administrations in the U.S. and Cuba made a strategic mistake during the two-year window after the announcement of December 2014. Both parties assumed, with excessive certainty and speed, that they would have at least four more years to smooth things over and build mutual trust.

Cuba joins regional multilateral bank for development

Cuba joins regional multilateral bank for development

In April, media outlets reported Cuba’s entry into the Central-American Bank for Economic Integration. Incorporation into the BCIE has enormous importance for Cuba, both in symbolic and practical terms. And it should facilitate Cuba’s future incorporation into other banks of that type.

The Internet and the future of Cuba’s economy

The Internet and the future of Cuba’s economy

Cuba’s largest and best asset is its people, and this potential will not be released without the Internet. It is also a weighty element when attracting foreign investment. Certain aspects of national security are legitimate, but surely it is possible to achieve a better balance than what we have at present.

Not adapting to its societal changes

Not adapting to its societal changes

At the start of 2017, Cuba is in many ways a very different country than in 1990. Two-and-a-half decades of major events have deeply marked a nation convinced that it occupies a singular place in the world.

The Cuban economy in 2016

The Cuban economy in 2016

It’s the first drop since 1993, when the Cuban economy hit bottom during the crisis known as the ‘Special Period’. Cuba’s economic growth went into negative space in 2016. This should not be underestimated; the decline of the real GDP by 0.9 percent is an unfavorable result.

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