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Cuban Economic Reforms - How Far will they Go?
4th January 2011
There is plenty of coverage and discussion at the moment of the extent to which Cuba is making a decisive and significant move away from a soviet-style economic model. In a bid to cut government debt, subsidies for many staple foods have been cut and hundreds of thousands of under-employed workers in government-run industries are facing unemployment in the next couple of years. But how far is Cuba prepared to go to make structural changes to their economic system? Here are some background articles:
Is Cuba set for major changes in 2011? (BBC news, January 2011) Cuba issues plans to expand its private sector (BBC news, September 2010) Cuba to withdraw cheap cigarettes for elderly (BBC news, September 2010) Cubans stock up as reforms take toll on ration (Reuters, December 2010) Cuba bows to pressure to reform its economy (Financial Times, December 2010)
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.