Economic Problems of Latin America

By Seymour E. Harris | Go to book overview

Chapter XIV Cuba: Sugar and Currency

by HENRY C. WALLICH

CUBA, in recent years, has been "exposed to authors" in the field of the social sciences as much as, if not more than, any country in Latin America. Our peculiarly close relations with the island, arising from our preferential tariff agreement and, until 1934, from the Platt Amendment, have aroused the interest of economists, the concern of political scientists, and not infrequently the ire of reformers of yawing persuasions. Valuable information on Cuba has also been contributed by students of international sugar problems and by various United States technical missions which have visited the island. In view of this wealth of material,1 it seems justifiable to forego a discussion of general aspects in this chapter and to concentrate on two subjects which seem to me to be of particular interest: the problems of the sugar industry, and the monetary situation.

____________________
1
For general discussions of Cuban economic and social problems, see Foreign Policy Association, Inc. Commission for the Study of Cuban Affairs, Problems of the New Cuba ( New York, 1935); Leland H. Jenks, Our Cuban Colony (New York, 1928); Carleton Beals, The Crime of Cuba ( Philadelphia, 1933); and Juan Alienes, The National Economy of Cuba (Directorio Oficial, Camara de Comercio de la Rep£blica de Cuba, Havana, 1942). For studies of the sugar industry and of agriculture in general, see Ramiro Guerra y Sanchez, La Industria Azucarera de Cuba ( Havana, 1940); and P. G. Minneman, The Agriculture of Cuba (U.S. Department of Agriculture, Washington, D.C., 1942). The Cuban tax system is discussed in E. R. A. Seligman and Carl Shoup, Informe sobre el Sistema Tributario de Cuba ( Havana, 1932); and Roswell Magill and Carl Shoup, The Cuban Fiscal System ( New York, 1939); also, J. M. Perez Cubillas, Legislación Fiscal Cubana ( Havana, 1936). For monetary problems, see J. M. Perez Cubillas and Felipe Pazos y Roque, El Problema Monetario de Cuba( Havana, 1940); Felipe Pazos y Roque, La Banca ( Havana, 1941); and "Report to the Cuban Government of the American Technical Mission to Cuba," Federal Reserve Bulletin, August, 1942, pp. 774-801.

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