Auteur: Cuenca, Alejandro Martinez
Titel: Sandinista Economics in Practice
The author of this book (first published in Spanish in 1990) served first as Nicaragua's Minister of Foreign Trade and then as Minister of Planning and Budget during the 1979-90 period of Sandinista rule. Through a question-and-answer format, he provides a unique look at the inner workings of Sandinista government. Most important are his frank and incisive observations concerning the leadership's failures to make tough economic decisions. The U.S. trade embargo and the constant insurgency of the contras severely strained the Nicaraguan economy. But so, too, did the Sandinista government's refusal to compromise revolutionary goals by scaling down expenditures on social services. By 1988, with the export market in a shambles, exchange rates grossly distorted, and the inflation rate at 33,000 percent, the government was forced to adopt strict fiscal and monetary adjustment policies. The resultant economic hardships undoubtedly contributed to the defeat of the Sandinistas in the 1990 elections. Readers are advised to review the book's 40-page chronology before plunging into the text. The writing style is somewhat stilted, and there may be less in-depth economic analysis than desired by economists. Nonetheless, this provides an important perspective on recent events in Nicaragua.
1998, 178 pag., Euro 7,5
South End Press, Boston, ISBN 9780896084315
This page last updated on: 13-1-2015