Diana Esteban Morato


The Cuban economy has been delayed in unproductivity for over two decades. Living standards have deteriorated, the revolution’s notable achievements in universal health, education and in social equality are eroding; the old-fashioned productive methods are suffering from de-capitalization and technological uselessness, and the nation’s balance of payments is becoming critical. The present research tries to investigate the economic evolution, the economic strategy and development of the Cuban socialist market economy from now on. Market relations are formed in each economy under the influence of the dominant relations in the economic-society and non-economic, and reflect them. We conclude that it was a error to reject the market economy, and asserts that the Cuban economy moves toward an economic model so that makes it compatible the planned direction with the action of the law of value, that macroeconomic and microeconomic factors are integrated into a systemic vision of development, and that the transition to the new economic model will be a gradual complex and controversial progression.


Article visualizations:

Hit counter


economic development, planned economy, economic evolution, economic strategy, socialist transition


Diaz, J. and E. Regalado, China: the awakening of the dragon, Havana, Editorial of Social Sciences (2007).

Pavel Vidal and Mario González-Corzo, “Cuba’s Banking Crisis: Macroeconomic Antecedents, Principal Causes, and Recent Policy Responses,”in International Journal of Cuban Studies 2, No. 3/4 (December 2010), pp. 201-213.

Figueras, M. "Structural changes to develop the economy of Cuba" Annual Seminar CEEC, Havana, paper, (2014, June).

Diaz, I. "The new measures for state enterprises: changes in autonomy?" CEEC Annual Seminar, Havana, paper, (2014, June).

García, A .; A. Nova and B. Anaya, "Takeoff agricultural sector necessary for the development of the Cuban economy status" Annual Seminar CEEC, Havana, paper, (2014, June)

Yang, Y. "The Disinterested Government: an Interpretation of China's Economic Success in the Reform Era" (2008), (18.08.2014)

Gonzalez, A. "socialist economic models. Scenarios for Cuba in the nineties "National Institute of Economic Research, Havana, unpublished, (1995).

Auping, J. between socialism and neoliberalism. An alternative for Latin America , Mexico City Institute of Strategic / Mexican Institute of Social Christian Doctrine Propositions, (1992).

Stiglitz, J. The public sector economy, Barcelona, Antoni Bosch (1995)

Villaverde, A. "The reform of the capital market in China and behavior of the stock market" (2011), (18.08.2014),

Jiang, Z. "Building in every way a moderately prosperous society and open up new prospects for the cause of socialism with Chinese characteristics" (2002) (08/18/2014).

Perez, O. "The relaunch of foreign investment in Cuba: a need for economic development" Annual Seminar CEEC, Havana, paper, (2014, June).

Piñeiro, C. "preliminary diagnosis of non-agricultural cooperatives in Havana, Cuba" Annual Seminar CEEC, Havana, paper, (2014, June.).

Communist Party of Cuba (PCC), Guidelines for economic and social policy of the Party and the Revolution, Havana. (2011).

Regalado, E. "The reform of state - owned. Decisive stage of China 's economic restructuring, " Economy and Development , No. 2, Havana, pp. 213-228, June-December (2001)

Marx, C and F. Engels, Letters on Capital, Havana, Editora Politica, (1983).

Communist Party of Cuba (PCC), "Economic Resolution of the V Congress of the CCP" Granma, p. 25 (November 7, 1997).

Tran, KH "? Vietnam s Enterprise Reform and Development" Cuba and Vietnam: a New Analysis of Economic Reforms, pp. 271-289, Montevideo, Department of Economics, Faculty of Social Sciences, University of the Republic Uruguay, UDELAR, (2007).

Hidalgo-Gato, F. Improvement of the Cuban economic model. A theoretical approach, Havana, Editorial of Social Sciences (2012).

Sen, A. "Market Economy not the Panacea" (1998), (07.18.2014)

Triana, J. "Competition and development: a view from the Cuban economy" Annual Seminar CEEC, Havana, paper, (2014, June).

Wang, Sh. "The state, the market economy and China’s transition," Topics, No. 50-51, pp. 76-86, Havana, April to September, (2007).



  • There are currently no refbacks.

Copyright (c) 2018 Diana Esteban Morato

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

The research works published in this journal are free to be accessed. They can be shared (copied and redistributed in any medium or format) and\or adapted (remixed, transformed, and built upon the material for any purpose, commercially and\or not commercially) under the following terms: attribution (appropriate credit must be given indicating original authors, research work name and publication name mentioning if changes were made) and without adding additional restrictions (without restricting others from doing anything the actual license permits). Authors retain the full copyright of their published research works and cannot revoke these freedoms as long as the license terms are followed.

Copyright © 2016 - 2023. European Journal of Economic and Financial Research (ISSN 2501-9430) is a registered trademark of Open Access Publishing GroupAll rights reserved.

This journal is a serial publication uniquely identified by an International Standard Serial Number (ISSN) serial number certificate issued by Romanian National Library. All the research works are uniquely identified by a CrossRef DOI digital object identifier supplied by indexing and repository platforms. All the research works published on this journal are meeting the Open Access Publishing requirements and standards formulated by Budapest Open Access Initiative (2002), the Bethesda Statement on Open Access Publishing (2003) and  Berlin Declaration on Open Access to Knowledge in the Sciences and Humanities (2003) and can be freely accessed, shared, modified, distributed and used in educational, commercial and non-commercial purposes under a Creative Commons Attribution 4.0 International License. Copyrights of the published research works are retained by authors.