Cuban Economists on the Cuban Economy by Al Campbell

By Al Campbell

Brings jointly a few of Cuban's so much popular economists to check Cuba's monetary heritage and examine adjustments in coverage throughout the years because the cave in of the Soviet Union.

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33 These gains, though important, fell short of Cuba’s projected industrialization goals. Furthermore, the industrial development contrasted sharply with the shortfalls in agriculture. Not only did agriculture not meet its projected goals to the extent that there was almost no progress in this major sector of the economy, but that failure came despite the allocation of significant resources to the sector. • Socioeconomic advances continued during this period. The public health and education indexes continued to improve, achieving firstworld levels by the end of the period.

S. blockade and economic aggression continues to this day. By the middle of 1963 it was clear that the initial approach was not working, necessitating a major change. S. sugar boycott, Cuba had elected immediately to shift land that for decades had been devoted to sugar into diversified agricultural production for internal consumption in order to substitute for food imports. This shift, however, left Cuba with a severe shortage of foreign exchange, which crippled its state industrialization efforts, its ability to build the infrastructure necessary for national development, and even its efforts to develop the required competencies in the labor force.

Org. au/node/2037 for an English translation). A comprehensive national discussion like the previous ones took place from December to February, which will be followed by a vote 22 Al Campbell on the new economic model (including modifications from the national consultation) at the upcoming April 2011 Congress of the Communist Party. 10. cu/cuba/2010-12-12/economia-cubana-demandatos-o-de-utilidades. 11. See CEPAL, La economía Cubana: Reformas estructurales y desempeño en los noventa (Mexico City: CEPAL, 2000), 253.

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