Our friends at the Association for the Study of the Cuban Economy blog have just posted an excellent essay written by one of its members, Louis Louis. Luis R. Luis is an international economist long involved in international finance and investments as an officer of international organizations, commercial banks and investment management companies. He is a member of ASCE since its foundation and holds a PhD degree in economics from the University of Notre Dame. He has
lectured at universities in the US, Europe and South America.
The essay, Remittances to Cuba Revisited: Impact of New Measures, suggests the emerging complexities of remittances as a measure of international relations. It serves as a convergence point of economic leverage and underlines it importance not merely as an expression of humanitarian principles, but of transnational financial economics, and as a tool of international relations in this age of targeted sanctions.