Jump to ContentJump to Main Navigation
Cuban Economists on the Cuban Economy$
Users without a subscription are not able to see the full content.

Al Campbell

Print publication date: 2013

Print ISBN-13: 9780813044231

Published to Florida Scholarship Online: September 2013

DOI: 10.5744/florida/9780813044231.001.0001

Show Summary Details
Page of

PRINTED FROM FLORIDA SCHOLARSHIP ONLINE (www.florida.universitypressscholarship.com). (c) Copyright University Press of Florida, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in FLASO for personal use.date: 26 September 2021

Cuba’s Insertion in the International Economy since 1990

Cuba’s Insertion in the International Economy since 1990

(p.89) 3 Cuba’s Insertion in the International Economy since 1990
Cuban Economists on the Cuban Economy

Nancy A. Quiñones Chang

University Press of Florida

Nancy Quiñones discusses Cuba’s changing international finance, trade, and foreign investment patterns and conduct connected to its insertion in the international economy since 1990. Any discussion of Cuba’s macroeconomy must treat a fundamental problem common to the majority of third world economies: foreign exchange constraint. International borrowing is one option governments can pursue to relax this constraint. If used well, international borrowing can promote growth, but Cuba has faced severe discriminatory treatment in international lending markets. A second option is foreign investment, but such investment must always be monitored to assure it provides more help than harm to the recipient economy. As a third option, countries can try to increase the generation of foreign exchange by reducing imports (import substitution) or by increasing exports (export promotion). The high import coefficient for much of Cuban production reinforces the problem of imports, as the desired goal of increased growth itself rapidly increases imports, making the reduction of its import coefficient a contributory economic goal.

Keywords:   Nancy Quiñones, Cuba, Cuban, economic changes, economy, foreign investment, foreign trade, international borrowing, Special Period

Florida Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .