Reintegrating Cuba into the Global Economy

Abstract

This chapter seeks to answer the question: What internal Cuban legal adjustments are necessary for Cuba to enter into a fully normalized relationship with the United States. and the rest of the world? The chapter first focuses on the adjustments Cuba might have to undertake if it is to embed itself within the structures of global trade and finance. Next, the chapter examines the extent to which Cuba is disposed to consider these possible reforms. Third, it examines what may be possible in the aftermath of the U.S. presidential election of 2016 (and its aftermath) and other global changes, including the emergence of a Chinese alternative to national embedding in global trade. These have considerably changed the terrain within with the consequences of U.S.-Cuba normalization can be considered. The examination considers the value of the European Union’s strategic initiative, the Political Dialogue and Cooperation Agreement (PDCA), as a viable basis for Cuban reintegration in the global economy.