International Media

Has Cuba's Progress Stalled?


(The Economist): Since taking over as President of Cuba in 2006 on behalf of his brother Fidel Castro, Raúl Castro has taken steps to reform the nation’s stagnant state-run economy. But many are questioning whether the steps are progressive enough, and whether the Cuban progress towards a more open economy has completely haltered.

Although restrictions on private business have been significantly lifted since 2006, making it easier for Cubans to buy and sell property, employ people and for restaurants to serve what they wish to their customers, the rules and regulations are still making it overly complicated for many Cubans to part-take in the economy. Increased duty fees have made it much more expensive to import the commodities which Cubans lack, and are expected to hurt private businesses dependent on imports.

 

Further reading:
The Economist - Indecision Time




   


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