Richard Feinberg Quoted on Cuba's Need for Direct Foreign Investment
Cuba still searching for economic model that works
08/02/2012
Juan O. Tamayo and Mimi Whitefield,
The Miami Herald
Cuba faces a difficult economic situation despite Raúl Castro’s reforms, and a military-led economic transition appears more likely than a Vietnamese or Chinese model of change, Cuba analysts said Thursday.
“The reforms haven’t provided results. There are too many limitations … there’s an enormous stagnation in society,” said dissident Havana economist Oscar Espinosa Chepe in a speech recorded for the opening session of the annual meeting of the Association for the Study of the Cuban Economy.
Some 100 economists, social scientists, and other Cuba experts gathered at The Hilton Miami Downtown hotel to present their work on the policy challenges facing Cuba. This year’s topic: Where is Cuba going?
Cuba’s situation is “very delicate and difficult,” Chepe said. Among the problems he cited in Cuba’s plan to move massive numbers of state employees into self-employment is the lack of materials they need to run their businesses and the competition this creates with the rest of the population trying to make purchases for daily living.
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Richard Feinberg is Professor of International Political Economy at IR/PS. He can comment on U.S. foreign policy matters, notably with regard to Latin America and Asia, and business and economic matters.
