chapter  7
22 Pages

Dollarization and its Discontents: Homeland Impact of Diaspora Generosity

Focusing on remittances from the Cuban side of the Straits and at the macro level, this chapter demonstrates that the Cuban government came to have its own reasons not merely for tolerating, but also for encouraging, transnational income transfers. Yet, from its vantage point, diaspora dollars were a double-edged sword. While providing much-needed hard currency, they simultaneously eroded state command of the economy and precepts on which the revolution originally had been premised. The humble, politically marginalized New Cubans who were committed to cross-border income-sharing will accordingly be shown to have changed Cuba more than the Exiles who for decades tried to undermine the regime.