Cuba Embraces 2 Surprising Free-Market Decrees
Deseret News (Salt Lake City) › August 28, 2010
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Summary
HAVANA -- Cuba has issued a pair of surprising free-market decrees, allowing foreign investors to lease government land for up to 99 years -- potentially touching off a golf-course building boom - - and loosening state controls on commerce to let islanders grow and sell their own fruit and vegetables.
The moves, published into law in the Official Gazette on Thursday and Friday and effective immediately, are significant steps as President Raul Castro promises to scale back the communist state's control of the economy while attempting to generate new revenue for a government short on cash.See the full content of this document
Extract
Cuba Embraces 2 Surprising Free-Market Decrees
"These are part of the opening that the government wants to make given the country's situation," said Oscar Espinosa Chepe, a state- trained economist who is now an anti-communist dissident.
Cuba said it was modifying its property laws "with the aim of amplifying and facilitatin...See the full content of this document
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