Cuba's Economic Reforms

Cuba's economic reforms, initiated in recent years, aim to modernize the country's economy by allowing more private enterprise and foreign investment. These changes loosened restrictions on small businesses, such as restaurants and shops, and aimed to reduce the inefficiencies of state-run industries. The government also sought to attract tourism and promote agriculture. While intended to boost economic growth and improve living standards, the reforms face challenges, including limited resources and ongoing U.S. sanctions. The balance between state control and market freedom remains a central theme in Cuba's evolving economic landscape.