Private and Cooperative Enterprise in Cuba's Economic Future

This essay examines Cuba's emerging private and cooperative sectors and the policy environment in which they operate as of early 2017 and outlines and assesses Cuba's possible future institutional structures. The alternatives are (i) the status quo; (ii) heavy reliance on large, foreign-ow...

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Bibliographic Details
Published in:Social research 2017-06, Vol.84 (2), p.277-303
Main Author: Ritter, Archibald R. M.
Format: Article
Language:English
Subjects:
Accession
Castro, Fidel
Cooperation
Cooperatives
Cost control
Dictators
Discrimination
Economic structure
Employment
Indigenous peoples
Job creation
Joint ventures
Liberalization
Manufacturers
PART I: UPDATING THE ECONOMY
Presidents
Private sector
Public sector
Regulation
Self employment
Small business
Tax rates
Tax reform
Taxable income
Taxation
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Summary:This essay examines Cuba's emerging private and cooperative sectors and the policy environment in which they operate as of early 2017 and outlines and assesses Cuba's possible future institutional structures. The alternatives are (i) the status quo; (ii) heavy reliance on large, foreign-owned enterprises; (iii) a structure that emphasizes cooperative enterprise; (iv) a structure that emphasizes indigenous Cuban-owned small and medium enterprises; (v) a mixed structure with a strong presence of all four components. The paper concludes that a hybrid approach, with particular emphasis on an indigenous private entrepreneurial sector, a strong cooperative sector, an effective public sector, and a significant joint venture sector could be optimal.
ISSN:0037-783X
1944-768X
1944-768X
DOI:10.1353/sor.2017.0020