Can Cuba's Economic Reforms Succeed?
Can Cuba's Economic Reforms Succeed?
Carmelo Mesa-Lago writes in AQ that Cuba's non-state sector has expanded, but red tape and bottlenecks haven't changed.
The impression most casual observers receive today from Cuba is that since Raúl Castro assumed power in 2006, the country has been going through a dramatic transition to a market economy. But while what the younger Castro brother has called “structural reforms” are important steps toward a market under Cuba’s revolutionary government, they are a far cry from the radical policies that have been common throughout Latin America, and lag far behind the transformations in China and Vietnam. Below is a summary of the seven principal structural reforms under way in Cuba, including an assessment...
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