The micro, small and medium enterprises in Cuba. Subsistence economy or companies for development?

Authors

Keywords:

miPymess, municipality, development

Abstract

This paper addresses a novel issue for the Cuban business system, referred to the appearance of new economic actors in the form of micro, small and medium-sized companies, whether private, state, or mixed, in correspondence with the economic model approved for the country and endorsed in the constitution of the Republic of Cuba. The appearance of MSMEs as part of the Cuban business network, affected by a deep global crisis and by evident internal limitations that have an impact on low productivity and weak competitiveness, supposes responding to a cardinal problem stated in how to get these actors to contribute to growth. Economic in complex scenarios, tempered by financial restrictions and the urgent need to specify sustainability in municipal territories. In this sense, the work presented has the objective of analyzing the main limitations that these organizations have faced in their first year of existence in the Florida municipality, and from this, to visualize their role in the territorial scenario beyond an economy of subsistence, understanding the role of these actors as entities with important roles in territorial economic growth and development

Author Biographies

Lianne García Gross, Bank of Credit and Commerce, Camaguey. Cuba

Degree in Accounting and Finance. She is a Partner and Director of Supervision at Confiad.
S.R.L. He has 15 years of experience in business activity. She has performed different
functions such as: Internal Auditor at the Graphic Company of Camagüey, Auditor at BANDEC
Camagüey and 11 years as a Consultant at CANEC.S.A.

Georgina de Varona Estévez, Bank of Credit and Commerce, Camaguey. Cuba

Degree in Accounting and Finance. Specialist C in Economic Management at the Florida Food
Company since 2003. He is currently pursuing a master's degree in Management Accounting.

María del Rosario Pérez Rodríguez, Banco de Crédito y Comercio, Camagüey, Cuba

Degree in Accounting and Finance. She worked at the Livestock Company for two years,
since 2010 she has worked at BANDEC Branch 6021 where she has held the positions of
Bank Teller, Accountant D, Bank Supervisor and Auditor. He is currently pursuing a
master's degree in Management Accounting.

Yanisley Domínguez Viera, Bank of Credit and Commerce, Camaguey. Cuba

Degree in Accounting and Finance. He worked at the Aqueduct and Sewerage Company for two
years, since 2008 he has worked at BANDEC Branch 6021 where he has held the positions
of Accountant D and Banking Supervisor. He is currently pursuing a master's degree in
Management Accounting.

References

Alfaro, Avalos y Charavía (2015) “Políticas para la formalización de las micro y pequeñas empresas en Costa Rica”. “Políticas para la formalización de las micro y pequeñas empresas en América Latina”. Santiago de Chile: Oficina de la Organización Internacional del Trabajo para los países del Cono Sur.

Conferencia Internacional del Trabajo (CIT), (2015). “Las Pequeñas y Medianas Empresas y la Creación de Empleo Decente y Productivo”. OIT, Ginebra, 2015

Consejo de Ministros, (2021). Decreto Ley 46 “Sobre las micro, pequeñas y medianas empresas”. En Gaceta oficial No. 94. Cuba.

Heredia, A. (2018), “Los instrumentos de fomento de las políticas digitales en las MiPymes de América Latina”. Santiago, Comisión Económica para América Latina y el Caribe (CEPAL).

Ministerio de Economía y Planificación (2021). Resolución No. 63. Procedimiento para la creación, fusión, escisión y extinción de las micro, pequeñas y medianas empresas y las cooperativas no agropecuarias. Cuba

Ministerio de Finanzas y Precios (2021): Resolución No. 350 Regulaciones tributarias, financieras y de precios de las micro, pequeñas y medianas empresas, Cuba

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Published

14-04-2023

How to Cite

García Gross, L., de Varona Estévez, G., Pérez Rodríguez, M. del R., & Domínguez Viera, Y. (2023). The micro, small and medium enterprises in Cuba. Subsistence economy or companies for development?. Cuban Magazine of Finance and Prices, 7(2), 92–103. Retrieved from https://www.mfp.gob.cu/revista/index.php/RCFP/article/view/401

Issue

Vol. 7 No. 2 (2023): abril - junio

Section

Research articles

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