ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

A+| A| A-

A Leasing Binge

caution. It has sought to maintain links with France and Britain and even favoured a dialogue with the US. The leaders knew, from the Cuban experience, that nationalisation of urban and tourist services could precipitate enormous problems. Through a low-key approach and with a commitment to a mixed economy', the government reduced unemployment from a staggering 50 per cent to 15 per cent. Although the country's staple products, bananas, cocoa and nutmeg, have suffered serious price falls in recent years, GNP rose by 4 per cent last year and inflation was reduced from 25 per cent to 7 per cent. With funds raised abroad and bonds sold to nationals, the state financed a large- scale construction drive, building schools and health centres, repairing roads and creating, with Cuban help a new international airport for tourists.

To read the full text Login

Get instant access

New 3 Month Subscription
to Digital Archives at

₹826for India

$50for overseas users


(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top