User:Glss123/sandbox/assignment1

Publisher:Title: Cuban Economic Reform

Draft: User:Glss123/sandbox

Wikiproject: WikiProject Cuba WikiProject Economics

 Sections: 

- Economy prior to reform

How Cuban economy performed when it was still able to trade sugar for oil with the Soviet Union, and when it was still part of the USSR.

- Courses of reform

Macroeconomic adjustments made throughout the years ( 1993-1994; 1994-1996; 1996-200s; 2000s-2010) to control the economy and stabilize inflation

- Reform in specific sectors

Agriculture: " Inflation has stayed under control in the markets in which Cuban pesos operate, and this has contributed to keeping real wages fairly steady in a situation of stagnation in nominal wages. However, in particular markets, performance may vary significantly from the average. For example, prices in the agricultural market sector jumped almost 20 percent in 2011, with negative effects for the population " (Perez, 2014)

Banking: * A new and liberal banking system; * New Central Bank; * Expansion of insurance industry.

Finance: * Demonopolization of tourism industry; *Modernization of finance sector; *Resource allocation

- Comparison to other Latin American countries

Example: Latin American economy Economy of Cuba

- Criticism/ Failures

How the economic reforms have been criticised for straying away from the country's socialist values.

Sources


 * Pérez, R., & Furio, V. (2014). Transformations in the Cuban Economic Model: Context, General Proposal, and Challenges. Latin American Perspectives, 41(4), 74-90. Retrieved from http://www.jstor.org.ezproxy1.library.usyd.edu.au/stable/24574000

Author:Ricardo Torres Pérez and Victoria J. Furio

Title: Transformations in Cuban Economic Model: Context, General Proposal, and Challenges ( Journal Article)

Year: 2014

Publisher: Cambridge University Press

Annotation: This source details how the reforms affected each sector of the Cuban economy and it compares the Cuban economy to other Latin American countries.


 * Brundenius, C. (2002). Whither the Cuban Economy after Recovery? The Reform Process, Upgrading Strategies and the Question of Transition. Journal of Latin American Studies, 34(2), 365-395. Retrieved from http://www.jstor.org.ezproxy1.library.usyd.edu.au/stable/3875793

Author: Claes Brundenius

Year: 2002

Publisher: Cambridge University Press

Annotation: This article discusses the successes and weaknesses of the reforms.


 * Pollitt, B. (1997). The Cuban Sugar Economy: Collapse, Reform and Prospects for Recovery. Journal of Latin American Studies, 29(1), 171-210. Retrieved from http://www.jstor.org.ezproxy1.library.usyd.edu.au/stable/158075

Writer: Brian H. Pollitt

Year:1997

Publisher:

Annotation: This source will help me with information of how the economy performed before the collapse of the sugar industry in 1990s and dissolution of the USSR, and how it has affected the economy.


 * Hernández-Catá, E. (2001). IMF Working Paper: The Fall and Recovery of the Cuban Economy in the 1990s - Mirage or Reality?. USA: INTERNATIONAL MONETARY FUND. doi: https://doi-org.ezproxy1.library.usyd.edu.au/10.5089/9781451846744.001

Author: Ernesto Hernandez- Cata

Publisher: International Monetary Fund

Published date: May 2001

ISBN: 9781451846744

ISSN: 1018-5941

Page:25

Annotation: This source outlines course of the economic reforms in the late 90s after cessation of Soviet assistance


 * Dr José Luís Rodríguez. (2013). The Recent Transformations in the Cuban Economy. International Journal of Cuban Studies, 5(2), 102-116. doi:10.13169/intejcubastud.5.2.0102

Author: Jose Luis Rodriguez

Year: 2013

Publisher: Pluto Journal

Annotation: " It explains how this broad economic plan envisages a transformation of the Cuban economy utilising market mechanisms that are aimed at preserving socialism, in contrast to the former socialist countries where the reforms that were undertaken changed the system, rather than adapting it. The article uses economic data to discuss the progress made in the adoption of the principles contained in the Guidelines, analyses the problems that remain to be solved and offers some predictions as to the course of future developments. It concludes that the new reforms will allow Cuba to move gradually towards a sustainable socialist society without abandoning the principles of solidarity that characterise it, and which will compare favourably to the alternative that neoliberalism offers today. " This source will help me in the following areas : - Criticisms/Failures; - Courses of reforms;- Sectors of reforms