Cuban economic planning and its heterodox adjustment to the collapse of the Council for Mutual Economic Assistance occupy a controversial place in discussions on globalization. Frequently, observers' diverse political affiliations generate biased representations of Cuban economic policy. Based...

The Cuban government has a dominant role to play in determining the future landscape of the country's financial markets. This is a multifaceted issue. Finance operates in combination with a constellation of other factors, including sound laws, institutions that respect property rights, and...

Cuban reform process lags behind the GDP growth reached by the Vietnamese. When comparing the evolution of the different sectors and demand components of GDP, Vietnam has had higher growth rates in all cases, highlighting exports first and investment second. Once the Balance of Payments...

The Orange Revolution in the fall of 2004 built great hopes for a better future for Ukraine. However, three years later those hopes have been replaced by disappointment, frustration and confusion. Although progress in the areas of political freedom, pluralism, civil rights and freedom in the...

This short editorial introduces a new temporary section within the journal, on the future of reformed capitalism. Many observers consider economic problems a cause of political malaise. Thence a renewed attention for political economy issues and for political developments and their relationship...

Why are socially beneficial reforms not implemented? One simple answer to this question (which has received little attention in the literature) is that this may be caused by generalized uncertainty about the effectiveness of reforms. If agents are unsure about whether a proposed reform will...