The Cuban Economy: Current Situation, and Prospects for the 1980s.
Abstract
The Cuban economy performed much worse in 1976-80 than in 1971-75, the dynamism of foreign trade slowed down and the degree of trade-partner concentration worsened in the second period. There was an overwhelming percentage of unfulfilled output targets in the 1976-80 plan and the degree of unfulfillment was extremely high. In the social sector there was continued improvement and fulfillment/overfulfillment in education and health but housing and day-care center building targets were unfulfilled. Thus we may conclude that the 1976-80 plan was a dismal failure in economic terms and had mixed results in social terms. The analysis of the feasibility of output targets for 1981-85 suggests that, in spite of a first impression of planners' caution, most of the goals are too optimistic. In the area of foreign trade, the five-year plan forecasts that trade with the USSR will increase from 63 to 65 percent but that trade with other socialist countries should decline from 13 to 4 percent, while trade with market economies should increase from 23 to 31 percent.
Document Details
- Document Type
- Technical Report
- Publication Date
- Jun 01, 1981
- Accession Number
- ADA105742
Entities
People
- Carmelo Mesa-lago
Organizations
- foreign affairs ministry