Cuba: From Economic Take-off to Collapse Under Castro by Jorge Salazar-Carrillo, Andro Nodarse-Leon

By Jorge Salazar-Carrillo, Andro Nodarse-Leon

This publication is a examine of Cuba's monetary improvement less than communism over the past fifty-five years. The authors locate that Cuba's socioeconomic improvement has long gone backward because the Cuban Revolution in 1959. The authors finish that Fidel Castro's revolution has been an financial catastrophe for Cuba.

The booklet first outlines Cuba's monetary place sooner than the revolution. It stories Cuba's scores with recognize to Gross family Product (GDP) in step with capita within the Fifties and examines the power of pre-Castro Cuba's overseas reserves and the future health of its financial approach. It additionally offers pre-Castro Cuba's investments in future health care and schooling and records the island's improvement strength within the Fifties. the previous few chapters describe the precipitous decline in all of those components of Cuba's economic climate less than Castro.

Despite the socioeconomic disaster of the Castro years, the authors envision a post-Castro Cuba, the place this e-book promises a benchmark to degree the developmental good fortune that the Cuban work-ethic and entrepreneurial spirit can generate in a free-market system.

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27. Thomas, Hugh. Cuba: The Pursuit of Freedom. New York: Harper & Row, 1971. , pg. 24. , pg. 61. , pg. 80. Thanks to Haitian exiles and government support, coffee exports went from 80 tons in 1792 to 12,000 tons in 1823 and continued at more or less those levels till 1844. Tobacco expanded rapidly as well till 1850, when 350 million cigars were exported, before the 1857 tariff. In addition, the productivity of agricultural production increased over 50 percent from 1790, as a result of better technology.

This required four thousand laborers and substantial funding, being completed only 3 Cuba by 1765. 12 Its length was over one kilometer. 13 It should be understood that Havana represented during this period about 40 percent of the population of Cuba. In fact, the census of 1794 calculated it as 44 percent. 14 The city was also where tobacco was first cultivated, mostly destined for the city of Seville, the principal consumption point in Europe. Cattle ranching was the other important activity, which vied with the tobacco growers for the governance of the Spanish colony.

0% 28 Monetary System and Trade in the 1950s Country % chg. 8% Brazil % chg. 0% Source: Calculated based on the change in cost of living index between 1956 and 1957 as reported by: Statistical Office of the United Nations, Department of Economic and Social Affairs. Statistical Yearbook 1959. New York: Statistical Office of the United Nations, 1959. Pg. 440. Statistical Office of the United Nations, Department of Economic and Social Affairs. Statistical Yearbook 1960. New York: Statistical Office of the United Nations, 1960.

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