Abstract
Throughout more than fifty years, the Cuban Revolution has been unable to implement an Economic Management System (ems) to face and overcome the traditional problems of centrally planned economies. When Cuban leaders tried to back away from the planning methods adopted in socialist countries, the economic management suffered from “voluntarism”, with invariably negative consequences. This article proposes a categorization of the economic cycle into upward phases –in which rational economic planning and organization predominate– and downward phases with a highly centralized direction of the economy. A historic-economic analysis of each phase of the cycle is presented, revealing that upward phases were characterized by good or acceptable economic outcomes, while these were poor during downward phases with a prevalence of voluntarism, unless external factors appeared.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.