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    Case Study

    Cuban cooperatives

    By Ralf Boscheck
    2 pages
    November 2013
    Order this case study
    Reference: IMD-3-2420

    On July 1, 2013, the Republic of Cuba implemented decisions taken by the VI Communist Party Congress in April 2011 to gradually open up state-operated sectors to more efficient cooperatives. As of that day, 124 such undertakings were allowed to function on an experimental basis in sectors ranging from transportation to construction, waste removal, recycling and markets for agricultural and livestock products. The measure would allow the state to free itself of tasks that were not central to the development of the economy. Cooperatives would assume an important role next to state-enterprises which would remain the centrepiece of the economy. Is this a gradual move towards privatization or has Cuba accomplished the socialist transformation of society as envisioned by Fidel Castro and Che Guevara?

    Learning Objective

    Analyze economic systems and incentives.

    Keywords
    Economic Development, Economic System
    Settings
    Caribbean, Cuba
    1960-2013
    Type
    Published Sources
    Copyright
    © 2013
    Available Languages
    English
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