ABSTRACT
The Cuban economy has stagnated for years, notwithstanding impressive social gains in the early years of the Revolution, with its relative international isolation since 1959 imposing high costs. The current situation is not sustainable, and sooner or later the country must become integrated back into the global economy. However, before the country can indeed prosper in this new environment, several constraints must be lifted. First, the US market must be open to Cuba; second, an actual market system must emerge that encourages private sector – domestic and international – activity and innovation; and third, state-owned enterprises must become more autonomous and efficient.
