Tuesday, January 06, 2015

More on the Implications of Cuba-U.S. Normalization: Essays From the Association for the Study of the Cuban Eocnomy

(Pix (c) Larry Catá Backer 2015)

I have been posting about the consequences of the December 2014 announcement of movements toward the normalization of relations between the United States and Cuba. See here, and here.

The folks over at the Association for the Study of the Cuban Economy have posted two quite interesting essays on some of the consequences of this move toward normalization.  

The actions announced by the United States on December 17, 2014 will have a limited immediate impact on the Cuban economy.[1] More important consequences will need to await repeal of the Helms-Burton Act (H-B) and other laws by the U.S. Congress. I don’t know when that will happen, but the recent agreement between Cuba and […]

This post takes an initial look at economic implications of the new measures announced by President Obama on December 17, 2014.  The author estimates the one-year positive impact of the measures at 0.5% to 0.6% of Cuba’s GDP with the second year impact somewhat higher because of multiplier effects.[1]  The impact although significant will by […]

They are both worth a read.

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