Please comment for these two separate answers.
These two separate are describe what institutional structure, growth determinants and
productivity changes are place or not in place in Cuba and its effectiveness from the article
“Cuba’s leaders are trapped between the need for change and the fear of it.”
1. Cuba does have a significant amount capital in it\'s social welfare institutions, such as it\'s
healthcare system. Because this would be viewed as a government subsidy it would not
contribute to Cuba\'s GDP but it certainly frees up some room for individuals to save or invest.
Along those same lines, the government does provide a very rigid rule of law in Cuba. The
country is actually not particularly known for corruption for monetary reasons. The
government\'s lack of fiduciary motivation for it\'s people may be a fatal self-inflicted wound.
It\'s prime motive of self preservation prevents any chance for real or speedy change 2. As the
article states, lack of investment it Cuba\'s largest economic crux. With the slow moving Cuban
government and relations with the U.S. in limbo any sort of investment would be too much of a
risk. Cuba could have a tourism boom if travel regulations were lifted. This could spur a massive
investment in hotels, resorts, cruise ports, and tours. No doubt, private investment is wait
anxiously just as Cuban people are. Generations of Cuban\'s have lacked an entrepreneurial class
and are only now rediscovering capitalism. Rick Steves, a local tour guide based in Edmonds,
WA recently took a trip to Cuba (before the 2016 election) and noticed a lack of motivation in
the workers. A local Cuban guide attributed it an absence of incentive, a worker or even business
owner will make the same amount of money regardless of the amount of work accomplished.
Solution
While it gets ready for the post-Castro phase in February 2018, Cuba has the chance to resurrect
its economic reform outline to foster sustainable development & stability . To do this, the nation
will have to crop up from its prevailing condition of economic stagnation, excessive dependence
on imports, untenably low level of state wages, & continuing brain drain. Scholars are quite
certain that peer-to-peer relations between the Cubans &the Americans is an effectual way to
expand bilateral relationships for enhanced development in Cuba. Eradicating hurdles to
investment is very important. Additional suggestions are:.
Please comment for these two separate answers.These two separate a.pdf
1. Please comment for these two separate answers.
These two separate are describe what institutional structure, growth determinants and
productivity changes are place or not in place in Cuba and its effectiveness from the article
“Cuba’s leaders are trapped between the need for change and the fear of it.”
1. Cuba does have a significant amount capital in it's social welfare institutions, such as it's
healthcare system. Because this would be viewed as a government subsidy it would not
contribute to Cuba's GDP but it certainly frees up some room for individuals to save or invest.
Along those same lines, the government does provide a very rigid rule of law in Cuba. The
country is actually not particularly known for corruption for monetary reasons. The
government's lack of fiduciary motivation for it's people may be a fatal self-inflicted wound.
It's prime motive of self preservation prevents any chance for real or speedy change 2. As the
article states, lack of investment it Cuba's largest economic crux. With the slow moving Cuban
government and relations with the U.S. in limbo any sort of investment would be too much of a
risk. Cuba could have a tourism boom if travel regulations were lifted. This could spur a massive
investment in hotels, resorts, cruise ports, and tours. No doubt, private investment is wait
anxiously just as Cuban people are. Generations of Cuban's have lacked an entrepreneurial class
and are only now rediscovering capitalism. Rick Steves, a local tour guide based in Edmonds,
WA recently took a trip to Cuba (before the 2016 election) and noticed a lack of motivation in
the workers. A local Cuban guide attributed it an absence of incentive, a worker or even business
owner will make the same amount of money regardless of the amount of work accomplished.
Solution
While it gets ready for the post-Castro phase in February 2018, Cuba has the chance to resurrect
its economic reform outline to foster sustainable development & stability . To do this, the nation
will have to crop up from its prevailing condition of economic stagnation, excessive dependence
on imports, untenably low level of state wages, & continuing brain drain. Scholars are quite
certain that peer-to-peer relations between the Cubans &the Americans is an effectual way to
expand bilateral relationships for enhanced development in Cuba. Eradicating hurdles to
investment is very important. Additional suggestions are:
