Foreign investment and trade diversification in the context of Cuba's economic reforms.
BERRIOS, Ruben
Foreign investment and trade diversification in the context of Cuba's economic reforms. - 1995
Discusses measures introduced by the Government of Cuba to counter the economic crisis precipitated by the disintegration of the CMEA system. Reforms include the introduction of market mechanisms in sectors of the economy, greater decentralization, and some amount of privatization. Citizens are now allowed to hold dollars, ending the state's monopoly on production and employment, foreign banks are permitted to enter the country, and citizens can open foreign currency bank accounts.
Foreign investment and trade diversification in the context of Cuba's economic reforms. - 1995
Discusses measures introduced by the Government of Cuba to counter the economic crisis precipitated by the disintegration of the CMEA system. Reforms include the introduction of market mechanisms in sectors of the economy, greater decentralization, and some amount of privatization. Citizens are now allowed to hold dollars, ending the state's monopoly on production and employment, foreign banks are permitted to enter the country, and citizens can open foreign currency bank accounts.