Cuba : From Economic Take-Off to Collapse under Castro by Jorge Salazar-Carrillo and Andro Nodarse-Leon (2015, Hardcover)

Routledge

1412856701

9781412856706

207766102

222 Pages

English

Cuba : from Economic Take-Off to Collapse under Castro

2015

Political Ideologies / Communism, Post-Communism & Socialism, Economic Conditions, General, Political, Caribbean & West Indies / Cuba

Textbook

Political Science, Biography & Autobiography, Business & Economics, History

Jorge Salazar-Carrillo, Andro Nodarse-Leon

Hardcover

0.7 in

12.8 Oz

9.2 in

6.6 in

College Audience

2014-040346

"Professor Jorge Salazar-Carrillo and Andro Nodarse-Len have written a masterful account of Cuba's economic history over the past century. The book vividly tells the tragic story of how an accumulation of misguided policies not only aborted the economic take-off that Cuba was poised for, but actually reversed gains that had already been achieved in many areas. Someday we will be able to do a final accounting of the opportunity cost associated with these policies, and this book will be an important input into this calculation." -- George Borjas, Harvard University

23

972.9106/3

List of Tables Acknowledgments Foreword Alan Heston Prologue: The Costs of Arrogance Robert Z. Aliber Introduction Daniel Murgo 1 The Economic History of Cuba before 1950 2 Economic Development and National Income in the 1950s 3 Monetary System and Trade in the 1950s 4 Economic Participation and Standards of Living in the 1950s 5 Education and Health Care in the 1950s 6 Prospects for Future Growth 7 Cuban Communism: The Road to Nowhere 8 The Cuban Economy from 1972 to 2002 9 A Review of the Collapse of Cuba's Largest Industry 10 The Reconfiguration of Cuba's Economy in the New Millennium 11 Cuba's Developmental Standing after Fifty-Six Years of Communism 12 Conclusion Bibliography About the Authors Index

This book is a study of Cuba's economic development under communism over the last fifty-five years. The authors find that Cuba's socioeconomic development has gone backward since the Cuban Revolution in 1959. The authors conclude that Fidel Castro's revolution has been an economic disaster for Cuba. The book first outlines Cuba's economic position prior to the revolution. It reviews Cuba's rankings with respect to Gross Domestic Product (GDP) per capita in the 1950s and examines the strength of pre-Castro Cuba's foreign reserves and the health of its monetary system. It also presents pre-Castro Cuba's investments in health care and education and documents the island's development potential in the 1950s. The last few chapters describe the precipitous decline in all of these areas of Cuba's economy under Castro. Despite the socioeconomic catastrophe of the Castro years, the authors envision a post-Castro Cuba, where this book can provide a benchmark to measure the developmental success that the Cuban work-ethic and entrepreneurial spirit can generate in a free-market system., Offers a study of Cuba's economic development under communism over the last fifty-five years. The authors find that Cuba's socioeconomic development has gone backward since the Cuban Revolution in 1959. The authors conclude that Fidel Castro's revolution has been an economic disaster for Cuba.

F1788.S3144 2015