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Inequality and the Informal Market in Cuba

Reynet, Layz LU (2018) EKHS21 20181
Department of Economic History
Abstract
This research focuses on Cuba’s economic changes that have been unraveling since the 1990s but has had significant impacts in the past decade. The removal of economic restrictions paired with a rise in tourism has had several outcomes including economic growth for the country but a dismantling of the equality for which it has been previously praised. The changes in the economic atmosphere of Cuba have especially affected the Cuban minority of Afro-Cubans. The empirical research attempts to understand the limitations of income distribution contributing to the rise of inequality as well as a larger informal market due to the dual currency system that operates to capture hard currency. The research shows that barriers are ultimately a result... (More)
This research focuses on Cuba’s economic changes that have been unraveling since the 1990s but has had significant impacts in the past decade. The removal of economic restrictions paired with a rise in tourism has had several outcomes including economic growth for the country but a dismantling of the equality for which it has been previously praised. The changes in the economic atmosphere of Cuba have especially affected the Cuban minority of Afro-Cubans. The empirical research attempts to understand the limitations of income distribution contributing to the rise of inequality as well as a larger informal market due to the dual currency system that operates to capture hard currency. The research shows that barriers are ultimately a result of inheritance patterns and racist ideology that limits Afro-Cubans’ participation in the emerging sectors of the economy. This has particular relevance as Cuba continues to slowly transition into more capitalist ventures under a communist regime. (Less)
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author
Reynet, Layz LU
supervisor
organization
course
EKHS21 20181
year
type
H1 - Master's Degree (One Year)
subject
keywords
Economic Development, Cuba, Dual Economy, Inequality, Race, Informal Market.
language
English
id
8959045
date added to LUP
2019-08-22 08:31:28
date last changed
2019-08-22 08:31:28
@misc{8959045,
  abstract     = {This research focuses on Cuba’s economic changes that have been unraveling since the 1990s but has had significant impacts in the past decade. The removal of economic restrictions paired with a rise in tourism has had several outcomes including economic growth for the country but a dismantling of the equality for which it has been previously praised. The changes in the economic atmosphere of Cuba have especially affected the Cuban minority of Afro-Cubans. The empirical research attempts to understand the limitations of income distribution contributing to the rise of inequality as well as a larger informal market due to the dual currency system that operates to capture hard currency. The research shows that barriers are ultimately a result of inheritance patterns and racist ideology that limits Afro-Cubans’ participation in the emerging sectors of the economy. This has particular relevance as Cuba continues to slowly transition into more capitalist ventures under a communist regime.},
  author       = {Reynet, Layz},
  keyword      = {Economic Development,Cuba,Dual Economy,Inequality,Race,Informal Market.},
  language     = {eng},
  note         = {Student Paper},
  title        = {Inequality and the Informal Market in Cuba},
  year         = {2018},
}