Cuba's Brave New Economic World

A brave new world is slowly dawning in Cuba as the cash strapped government of President Raul Castro cuts gratuities and subsidies, designs wage systems based on performance, sheds state jobs, revamps the feeble tax system and liberalizes agriculture in search of socialist sustainability. The government announced plans Monday to lay off 500,000 state employees over six months and spur development of non-state jobs in their place, the biggest shift to private enterprise since the 1960s after...Full Story
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