Ricardo Torres 46 posts 0 comments

Making self-employment more flexible is a decision whose logic has been widely discussed within the framework of the 'update' of the Cuban economy.
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In Cuba, 2020 ended with a decrease of the Gross Domestic Product by around 11 percent, the steepest drop since 1991.
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The COVID-19 pandemic and the exacerbation of sanctions from the U.S. have precipitated the onset of Cuba's worst economic crisis since the collapse of the Soviet Union.
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Cuba's private and cooperative sectors have suffered from a narrow, arbitrary and inflexible interpretation of their property rights, both legally and in the economic sphere.
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It is not so much the external context, but rather the inconsistency of domestic policies which has wrecked, more than once, the past versions of the "Cuban development strategy."
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With a third of workers outside the public sector, and almost as many without formal employment ties, it is not realistic to think that innovation in Cuba will be generated exclusively…
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The recovery of the economic 'update' will surely win the support of many honest Cubans, but valuable years have been lost.
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Cuba's, and the world's for that matter, economic forecasts have become outdated in a matter of two months. What can be done on the Island?
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Obstacles present in the Cuban economy deal with aspects of the traditional economic structure as well as with the characteristics of the central planning system.
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The serious economic problems that Cuba is going through have deep structural roots whose fundamental causes have not been adequately addressed in the economy’s ‘updating’ process.
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