RAUL’S ECONOMIC REFORM

Phil Peters of the Lexington Institute poses the question: Will Raul Castro Reform Cuba’s Economy?

Talk to anyone who worked with Raul Castro, or anyone clued in to the process that produced Cuba’s economic reforms in the early 1990’s, and you get the same story: that he supported those reforms and is not averse to the use of market mechanisms to improve Cuba’s economy. 

But with his brother in power, we could never know Raul’s preference for Cuban economic policy if he were in charge.

That may soon change. 

Fidel Castro has not appeared in public for more than a year, and in the video released last week he doesn’t appear capable of taking back the reins of executive power that he delegated in July 2006.

With Raul Castro now serving as interim chief executive, Cuba is engaged in an economic policy debate of potentially great consequence. 

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