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Remittances and Their Unintended Consequences in Cuba

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  • Eckstein, Susan

Abstract

Summary After Soviet aid and trade ended Cuba was forced to reintegrate into the capitalist world economy. Needing hard currency, the government transformed the diaspora into a dollar attaining strategy, by facilitating and tacitly encouraging remittance-sending. Ordinary Cubans themselves wanted remittances to finance a lifestyle they could not otherwise afford. Despite their shared interest in remittances, the government increasingly appropriated remittances at recipients' expense. The article documents why the government encouraged remittance-sending, tensions between its interests in remittances and those of recipients, and contradictions inherent in the hard currency accumulation strategy that the government pursued while remaining politically committed to revolution-linked precepts.

Suggested Citation

  • Eckstein, Susan, 2010. "Remittances and Their Unintended Consequences in Cuba," World Development, Elsevier, vol. 38(7), pages 1047-1055, July.
    • Handle: RePEc:eee:wdevel:v:38:y:2010:i:7:p:1047-1055
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    References listed on IDEAS

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    1. Paolo Spadoni, 2004. "The Current Situation of Foreign Investment in Cuba," Annual Proceedings, The Association for the Study of the Cuban Economy, vol. 14.
    2. Devesh KAPUR, 2004. "Remittances: The New Development Mantra?," G-24 Discussion Papers 29, United Nations Conference on Trade and Development.
    3. Paolo Spadoni, 2003. "The Role of the United States in the Cuban Economy," Annual Proceedings, The Association for the Study of the Cuban Economy, vol. 13.
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    Cited by:

    1. Mohammad Salahuddin & Jeff Gow, 2015. "The relationship between economic growth and remittances in the presence of cross-sectional dependence," Journal of Developing Areas, Tennessee State University, College of Business, vol. 49(1), pages 207-221, January-M.
    2. Ben Page & Claire Mercer, 2012. "Why do people do stuff? Reconceptualizing remittance behaviour in diaspora-development research and policy," Progress in Development Studies, , vol. 12(1), pages 1-18, January.
    3. Ibrahim Sirkeci & Jeffrey H. Cohen & Dilip Ratha, 2012. "Migration and Remittances during the Global Financial Crisis and Beyond," World Bank Publications - Books, The World Bank Group, number 13092.

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