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Cuba During the 'Special Period': Adjustment or Transition?

This document describes the adjustment and reform policies implemented in Cuba after the 1989 crisis. The emphasis is put on the macro-economic dimension of the adjustment process during the 1993-1998 period, with the emergence of a new export-led growth strategy and important internal reforms. These changes set the basis for what could have been interpreted by some as a transition to a "New Economic Policy", instead of a simple adjustment process due to the "special period".