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Cuba Allows More Market Activity

MEXICO CITY — The Cuban government authorized a wide range of co-ops on Tuesday, allowing workers to collectively open new businesses or take over existing state-run businesses in construction, transportation and other industries.

The new laws published Tuesday are the latest step in a slow, fitful process of opening Cuba’s economy to free-market ideas. The latest announcement calls for the creation of more than 200 co-ops as part of a pilot program. If it grows, analysts said, the experiment could do more for economic growth and productivity than earlier efforts to allow for self-employment, or to reform agriculture.

Source: New York Times. Read full article. (link)

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  • Sevo||

    "The new laws published Tuesday are the latest step in a slow, fitful process of opening Cuba’s economy to free-market ideas."

    The NYT has a clue as to what a "free market" is? Cite, please.

  • Thane Eichenauer||

    Cuba's legalization isn't free market in my eyes but compared to the current system in Cuba it is more free market than it was a year ago.

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