The Government of Cuba established a tax regime for micro-enterprise as soon as it legalized the sector in 1993. It was designed to function in a difficult context in which a tax-paying culture did not exist, in which widespread non-compliance was feared, and in which some micro-entrepreneurs’...

An important part of the Cuban government’s response to the crisis of the 1990s focused on opening the country to foreign resources in order to capture foreign exchange, which had reached minimal levels, in the shortest time possible. This economic opening was critical for reactivating the...

This essay surveys and evaluates Cuba’s economic performance since its economic “melt-down” of 1989-1993, outlines the government’s policy responses, and explores Cuba’s economic prospects. By 1995, the Cuban economy began to recover with some positive results but also with continuing...

Following Cuba’s "de-penalization," of the use of the dollar in August 1993, its role expanded rapidly. It now may be a more significant component of the overall money supply than the old peso. This generates some advantages but also contributes to some problems. The Government of Cuba has...