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May 2004
264 pages  

6 x 9
9780822986003
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The Cuban Economy
Ritter, Archibald
Archibald Ritter provides a comprehensive assessment of the state of the Cuban economy, particularly in the years since the end of covert subsidies from the former Soviet Union.

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Archibald R. M. Ritter is a professor of economics and international affairs at Carleton University in Ottawa, Canada. His works on Cuba include The Economic Development of Revolutionary Cuba: Strategy and Performance.
"Lucidly written, accessible to noneconomists, and well conceived, this book addresses both the large questions of macroeconomic policy design and performance as well as key specialized topics."—Jorge Domínguez, Harvard University

"Provides insightful analysis of particular issues that until now have only been superficially examined."—Sergio Díaz-Briquets, co-author of Conquering Nature: The Environmental Legacy of Socialism in Cuba

"A masterful account of recent performance and problems of the Cuban economy."—Roger Betancourt, University of Maryland

Complete Description Reviews
Pitt Latin American Series
Latin America/Economics
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Cuba faced an economic meltdown of catastrophic proportions in the early 1990s when covert subsidies from the former Soviet Union disappeared. Policies instituted by the island republic's government to handle the worst problems have had inconsistent results. Opening the economy to foreign enterprise has resulted in positive growth in tourism and nickel and cigar exports. However, remnants of the older economy, including the sugar and biotechnological industries, have only experienced a decrease in capital and importance. Basic educational and health services have been maintained surprisingly well, but the standard of living is still far below the highs of the 1980s. With contributions from many leading Cuba scholars, The Cuban Economy offers not only an analysis of the economy since 1990, but also a look towards future prospects.
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