The political and economic benefits for cuba after the reintegration

The decision to normalize relations with Cuba, to increase trade, travel and cultural exchange, and to urge Congress to end the U.

The political and economic benefits for cuba after the reintegration

It called attention to a radical shift in American public opinion and helped give President Barack Obama the political proof he needed to change five decades of failed policy.

Ongoing negotiations and new legislation continue to dismantle this relic of Cold War policy. Such progress is applauded across the world. US policy toward the island is in transition.

Support is growing for removal of the travel ban. Trade, telecommunications, finance, and compensation for nationalized property will all be part of the agenda, as will human rights—a key point of contention given the lack of democratic freedoms for the Cuban people.

Cuba is also in a historic period of transition. As this paper discusses, this transformation is precisely what occurred in previously closed economies that chose to rejoin the global economy.

But significant obstacles exist to Cuban admission to the IFIs. Castro himself has been an outspoken critic of the IFIs, long-seen by the Cuban government as agents of imperialism and neoliberalism.

The political and economic benefits for cuba after the reintegration

Still, signs point to the potential of a new mindset around rejoining these institutions, with Castro greatly diminishing his vitriol against the IFIs in recent years.

The United States is the only major country that continues to impose economic sanctions against Cuba, a point that has consistently hindered its image and stature abroad. Supporting Cuban participation in the IFIs, or even the less politically-toxic option of simply avoiding vocal opposition, will do much more than just strengthen partnerships with democratic allies around the globe.

With the publication of this report, we hope to provide a tangible and achievable method for advancing the process of reengagement between these two countries as well as the necessary reintegration of Cuba into global economic systems. Pope Francis is scheduled to visit in September.

After twenty five years of post-Soviet adjustment and patchy results from limited reforms, a consensus exists that the economic system and old institutions require a fundamental overhaul.

It is the only way to slim down the public sector without massive unemployment. Accession would serve the interests of Cuba and its citizens, the United States, and the international community.

Accession will require adjustments: But in the context of the new relationship with the United States, these should not be difficult. The experiences of other former communist countries can provide lessons for Cuba. Albania, which joined the IMF in Octoberhas some interesting parallels.Cuba's Economic Reintegration: Begin with the International Financial Institutions is the first major policy publication on Cuba's role in the global economic community since the December.

A New Chapter in US-Cuba Relations: Social, Political, and Economic Implications (Studies of the Americas) [Eric Hershberg, William M. LeoGrande] on *FREE* shipping on qualifying offers. This book explores the diverse consequences of Presidents Obama and Castro brokering a rapprochement between the United States and Cuba after .

The Communist Party of Cuba is the only one allowed to rule.

Executive Summary

and is dedicated to the creation of a socialist society, but by , even Fidel Castro publicly stated that the communist economic model no longer works for Cuba.

Will economic need spur political reform? Fidel Castro's death could open the door to Cuba's entry into the community of nations.

But Raul Castro has shown no signs of wanting rapid change. Cuba’s Economic Reintegration: Begin with the International Financial Institutions Recommendations for Cuba, the United States, and the International Financial Institutions Cuba is at a moment of profound economic transformation and the openings in US policy—with more movement expected from Congress—have recast both the bilateral.

In fact, the changes Cuba has seen over the last eight years – economic reform, the beginnings of a mixed economy, greater exchange of information and increasing reintegration into the global economy – have the potential to generate greater space for Cubans to develop a more open society.

Cuba’s Economic Reintegration: Begin with the International Financial Institutions