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Association For The Study Of The Cuban Economy (Asce) Thirty-Second Annual Conference: Introduction, Karla Rivas Jan 2023

Association For The Study Of The Cuban Economy (Asce) Thirty-Second Annual Conference: Introduction, Karla Rivas

FIU Law Review

No abstract provided.


The External Sector Of Cuba’S Economy: Performance And Challenges, Paolo Spadoni Jan 2023

The External Sector Of Cuba’S Economy: Performance And Challenges, Paolo Spadoni

FIU Law Review

Amid ongoing economic reforms, Cuba faces its most severe crisis since the 1990s Soviet Union collapse. Transitioning into a service-oriented economy, it grapples with inefficiencies, a feeble production base, and a struggling external sector. Traditionally reliant on sugar, Cuba now depends on international tourism and professional services for hard currency. However, these lack domestic production ties, limiting economic impact. Systemic constraints, a trade deficit, and dependence on imports compound challenges. Fading Venezuelan support, U.S. sanctions, the COVID-19 pandemic, and geopolitical events exacerbate economic woes. This study delves into GDP growth, trade, financial struggles, and external factors, highlighting critical hurdles impeding …