Economic Normalization with Cuba: A Roadmap for US Policymakers [NOOK Book]

Overview

For more than 50 years the United States has attempted to destabilize and isolate the Castro regime in Cuba with the use of trade and financial sanctions, a policy that has fallen short of its objective. In this Policy Analysis, Gary Clyde Hufbauer and Barbara Kotschwar suggest that the sands of time may accomplish what economic pressure did not. Raúl Castro, president of Cuba since 2008, plans to step down at the end of 2018, implying a new regime in five years. Various forces are starting to emerge favoring ...
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Economic Normalization with Cuba: A Roadmap for US Policymakers

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Overview

For more than 50 years the United States has attempted to destabilize and isolate the Castro regime in Cuba with the use of trade and financial sanctions, a policy that has fallen short of its objective. In this Policy Analysis, Gary Clyde Hufbauer and Barbara Kotschwar suggest that the sands of time may accomplish what economic pressure did not. Raúl Castro, president of Cuba since 2008, plans to step down at the end of 2018, implying a new regime in five years. Various forces are starting to emerge favoring economic normalization if Cuba appears ready to change its policies as well as its leadership. The authors caution, however, that a unilateral dismantling of US sanctions without insuring that proper institutions are in place in Cuba could squander a golden opportunity for US companies. They argue that a new US-Cuba relationship must entail a lifting of Cuba’s barriers to trade and investment, liberalization of its economy, and the adoption of democratic institutions. They offer a roadmap for a future US-Cuba rapprochement.
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Product Details

  • ISBN-13: 9780881326833
  • Publisher: Peterson Institute for International Economics
  • Publication date: 5/5/2014
  • Series: Policy Analyses in International Economics , #102
  • Sold by: Barnes & Noble
  • Format: eBook
  • Sales rank: 1,209,068
  • File size: 4 MB

Meet the Author

Gary Clyde Hufbauer is the Reginald Jones Senior Fellow at the Peterson Institute for International Economics. He has written extensively on international trade, investment, and tax issues. Among his many award-winning books are Outward Foreign Direct Investment and US Exports, Jobs, and R&D: Implications for US Policy (2013), Economic Sanctions Reconsidered (2008), and NAFTA Revisited: Achievements and Challenges (2005). Barbara Kotschwar, research fellow at the Peterson Institute for International Economics, is also adjunct professor of Latin American studies and economics at Georgetown University. She is coauthor of Understanding the Trans-Pacific Partnership (2013) and Reengaging Egypt: Options for US-Egypt Economic Relations (2010).
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