ES / EN
- May 12, 2025 -
No Result
View All Result
OnCubaNews
  • World
  • Cuba
  • Cuba-USA
  • Opinion
    • Columns
    • Infographic
  • Culture
    • Billboard
  • Sports
  • Styles / Trends
  • Media
  • Special
  • Cuban Flavors
  • World
  • Cuba
  • Cuba-USA
  • Opinion
    • Columns
    • Infographic
  • Culture
    • Billboard
  • Sports
  • Styles / Trends
  • Media
  • Special
  • Cuban Flavors
OnCubaNews
ES / EN
Home Economy and Business

Continuing economic transformations

by
  • Omar Everleny
    Omar Everleny
March 31, 2013
in Economy and Business, Magazine articles, Reports
1
Economía cubana

Economía cubana

When the new Council of State was elected on Feb. 24, 2013 for the next five years, along with the five presidents and the first vice president of the Councils of State and Ministers, it was evident that this generational changeover was the result of a high level of pragmatism among the historic generation, by including as Raúl Castro’s substitute a person who is around 50 years old, born after the Revolution.

Also evident was the preponderant role that will continue to be played by the updating of the economic model in the coming years. That is, while the [Economic and Social Policy] guidelines have a temporary reach, until 2015, the transformations for a structural change that the Cuban people need will require more time, if the goal is to make Cuba into a developing country.

The 2013-2014 path has been charted to a certain extent, given the expectations for a new state enterprise law; the conceptualization of what kind of economic model should be built; the operation of urban cooperatives in the rest of the economy, and not just on an experimental basis; the elimination of the dual currency system and, with that, a better exchange rate that is closer than the current distance between exchange rates of legal entities and individuals; a new model of agricultural management; new laws that make Cuba attractive to foreign investment; wholesale markets for all forms of production, and others.

In another sense, the new non-state forms are expected to play a greater role in employment, taking into account that non-state employment increased by 23 percent in 2012 to the detriment of state employment, which dropped by 5 percent.

This is why these economic transformations must be continued over the medium and long terms, and for that, many of Cuba’s leaders have been elected taking into account an important reality, which is their ages, which will allow them to be present for a period that is a little bit longer.

Challenges for the future are complex, given that Cuba needs to maintain a balance between macroeconomic needs related to its need for economic growth, but with efficiency and high productivity, and at the same, it must try to preserve the equity that it has achieved, along with social indicators that make it an international reference.

Related Posts

Atarés Castle: Leonardo Da Vinci's bicycle

Atarés Castle: From Spanish fortress to museum with works by Da Vinci

February 12, 2025
MasterChef Junior. Cuban mini chef

Marce, the Cuban boy from MasterChef Junior 11

January 26, 2025
Dogs in Cuba

Dogs and neighbors

November 3, 2024
Havana’s Malecón. Photo: Otmaro Rodríguez

Where is Havana going?

July 10, 2021

However, one concept that will have to be taken into account is that of “Cubans” who do not necessarily live in the country but who would be interested in participating and making Cuba a prosperous country with immense opportunities for all. That necessarily involves eliminating grudges, leaving behind factors that have marred relations between the two sides, if we are referring to our closest neighbor, who has forgiven Cuba for finding its own way with complete independence. Cuba has immense needs for capital to stop the undercapitalization of production, and internal savings in the coming years will not be sufficient for reaching that goal. Therefore, Cuba must attract external resources, but for that to happen, certain issues must be cleared up that will make the country attractive for an influx of capital.

Generally speaking, Cuba has created the bases for a generational changeover in the next five years among its top government officials, but with individuals who will represent the continuity of the national project that is being reformed, so that all Cubans can see that economic growth can be attained with social equity. To reach those goals, there is quite a way to go, and it involves the commitment of Cubans to their nation until they can see their own prosperity as individuals. And prosperity includes better choices for living and for work, where workers’ wages play their rightful role, and where society’s income is continuously growing. The only thing that can lead to this outcome is work, that is, growth of the national economy.

  • Omar Everleny
    Omar Everleny
Previous Post

Tomas Sanchez: I’venever left Cuba

Next Post

April

Omar Everleny

Omar Everleny

Recibió el doctorado de Economía de la Universidad de La Habana y la maestría en Economía y Política Internacional en el Centro de Investigación y Docencia Económicas (CIDE), México DF. Sus publicaciones recientes, incluyen, entre otras The Cuban Economy in a New Era: An Agenda for Change toward Durable Development, con Jorge I. Domínguez y Lorena Barberia, Harvard University Press, 2017; “La economía cubana: evolución y perspectivas ”, Estudios Cubanos, no. 44, University of Pittsburgh Press, 2016; “Foreign Direct Investment in Cuba: A Necessity and a Challenge”, A New Chapter in US-Cuba Relations, editado por Eric Hershberg y William M. Leogrande, Palgrave Macmillan, 2016; Miradas a la economía cubana: un análisis desde el sector no estatal, Editorial Caminos, La Habana, 2015.

Next Post

April

Easter, silence, Cuba/ From images.yahoo.com

Silence, or Easter in Cuba

Chocolate bars, one of the most precious treasures of Baracoa factory/ Picture: Adriana Rodríguez Vives

Chocolate, divine treasure

Comments 1

  1. nike free run tilbud says:
    11 years ago

    les sorts modifis nufactured Nike cosaque l’ordre de ne marche accomplir acclamant Femme Chaussures Nike No charge Work Three or more.

    Reply

Leave a Reply Cancel reply

The conversation here is moderated according to OnCuba News discussion guidelines. Please read the Comment Policy before joining the discussion.

Your email address will not be published. Required fields are marked *

Most Read

  • The Enchanted Shrimp of the Cuban Dance

    2946 shares
    Share 1178 Tweet 737
  • Cuban Cardinal before the conclave: “There is a desire to maintain the legacy of Pope Francis”

    35 shares
    Share 14 Tweet 9
  • Cuban economy, the “regulations” and the shoe

    13 shares
    Share 5 Tweet 3
  • Deported and without her baby daughter: Heidy Sánchez’s desperation

    10 shares
    Share 4 Tweet 3
  • Melagenina Plus, Cuba’s hope against vitiligo, being tested

    133 shares
    Share 53 Tweet 33

Most Commented

  • Photovoltaic solar park in Cuba. Photo: Taken from the Facebook profile of the Electricity Conglomerate (UNE).

    Solar parks vs. blackouts: between illusions and reality (I)

    15 shares
    Share 6 Tweet 4
  • Fernando Pérez, a traveler

    11 shares
    Share 4 Tweet 3
  • Solar parks vs. blackouts: between illusions and reality (II and end)

    13 shares
    Share 5 Tweet 3
  • The “Pan de La Habana” has arrived

    31 shares
    Share 12 Tweet 8
  • China positions itself as Cuba’s main medical supplier after signing new contracts

    27 shares
    Share 11 Tweet 7
  • About us
  • Work with OnCuba
  • Terms of use
  • Privacy Policy
  • Moderation policy for comments
  • Contact us
  • Advertisement offers

OnCuba and the OnCuba logo are registered® trademarks of Fuego Enterprises, Inc., its subsidiaries or divisions.
OnCuba © by Fuego Enterprises, Inc. All Rights Reserved.

No Result
View All Result
  • World
  • Cuba
  • Cuba-USA
  • Opinion
    • Columns
    • Infographic
  • Culture
    • Billboard
  • Sports
  • Styles / Trends
  • Media
  • Special
  • Cuban Flavors

OnCuba and the OnCuba logo are registered® trademarks of Fuego Enterprises, Inc., its subsidiaries or divisions.
OnCuba © by Fuego Enterprises, Inc. All Rights Reserved.

Manage Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
View preferences
{title} {title} {title}