A New Hampshire resident, Jorge I. Dominguez graduated from Harvard University and holds a Ph.D. in political science. Jorge Dominguez served in the past as a professor and chair of international and area studies at Harvard. Jorge I. Dominguez is also an author and published The Cuban Economy in a New Era.
Cuba is undergoing huge economic changes in 2021 due to the pandemic and coronavirus. The state seems to have hit a new low with people being discontent about the rising of prices and the decrease of wages once adjusted for high inflation increases. After shrinking the economy by 11 percent in 2020, the crisis has extended to 2021. Cuba has a command economy, which means the government mainly decides and determines the prices of goods, as well as the production and availability of goods.
Cuba lacks private ownership of large-scale industries, properties, and resources due to the command economy. Command economy is a feature of communism, which has been present in Cuba since 1959. Recent command economy policies and the economy in general have frustrated citizens, as the fact that the production of goods is controlled by the government can lead to shortages of goods and high prices.
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A graduate of Harvard University, Jorge I. Dominguez has a Ph.D. in political science and a BA in history. Jorge Dominguez occupied many positions for Harvard University and served as a professor, center director, and chair. Additionally, Jorge I. Dominguez publishes articles and books on diverse subjects such as decentralization.
Decentralization is a form of organizational structure in which the head of a department or top management relies on subordinates and leaves daily operations entirely and decision-making entirely up to them. In this way, both the top management and the subordinates can benefit from decentralization as top management has the chance to make important decisions with more time and subordinates can develop themselves into better workers and businessmen. Decentralization can boost the morale of employees and increase their productivity as they can feel like they matter and are in charge of the operations.
Decentralization can result in growth and diversification as each division and department has autonomy and can put creativity and innovation into practice. It can increase communication as there is less focus put on the hierarchies in a firm and more focus on productivity and success.