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The Impact of the Global Crisis on Cuba's Economy and Social Welfare

Bibliographic Data

ID3458181
AuthorsCarmelo Mesa-Lago, Carmelo Mesa‐lago (University of Pittsburgh), P Vidal (0000-0001-8278-3122, University of Havana), Pavel Vidal-Alejandro
Year2010
Volume42
Issue4
Pages689-717
Publication date2010-11-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueJournal of Latin American Studies (JOURNAL)
Journal identifiersISSN: 0022-216X • E-ISSN: 1469-767X
PublisherCambridge University Press (CUP) (PUBLISHER)
DOI10.1017/s0022216x10001331
OpenAlexW2118497549
LanguageEN
Citations received11
References cited3

The mechanisms by which the world economic crisis has been transmitted from developed to developing economies are conditioned by domestic factors that may attenuate or accentuate external economic shocks and their adverse social effects. Cuba is a special case: it is an open economy and hence vulnerable to trade-growth transmission mechanisms, but at the same time, it is a socialist economy with universal social services. This article reviews the literature, summarises Cuba's domestic socio-economic strengths and weaknesses prior to the crisis, evaluates the effects of the crisis on the macro-economic and social services indicators, assesses the government response and suggests alternative socio-economic policies

Crisis response · Development economics · Economic policy · Economics · Economy · Financial crisis · Government (linguistics) · Macroeconomics · Market economy · Political science · Social Welfare · Welfare · Cuban History and Society · Economic Theory and Policy · Housing, Finance, and Neoliberalism

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Unique citing works11
Citations per year0,79
Citation span2012 - 2026 (15)
Citation velocitycurrent
Highly citedNo
Citation typesNeutral: 10

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