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In an attempt to lift the country’s economy and put an end to shortages, the Cuban government announced last month that it will authorize the operation of joint ventures with foreign capital in retail trade and even completely private ones for wholesalers. The measure is surprising and represents a turnaround in the heavily centralized Cuban economy, which is run entirely by the state. What comes for the Cuban economy after this decision? We analyze it in our program.
From the Cuban Government they have been clear in warning that “flexibility” does not necessarily mean the abandonment of the socialist model.
Companies from several countries have shown interest in entering the Cuban market, which is attractive for some specific sectors. But both companies and governments have been united in the same requirement: legal guarantees.
Perhaps Cuba decides to take a bit of the example of countries like China, Laos or Vietnam, all governed by communists and with centralized economies, but which have opened their economies. Although China and Vietnam have been helped by having a strong economic muscle to be competitive internationally.
Cuba has taken slow steps in its opening and its effects are not yet reflected in the internal market. But there is no economic muscle that allows them to be competitive internationally, since the reforms seek to diversify the offer to the population and contribute to the recovery of the national industry, in some cases affected by the decision to prefer importing to producing.
Does this opening respond to an urgent need of the system or does it respond to the need to integrate Cuba with the world reality? What guarantees does the Cuban government give to those who decide to invest in the island’s retail and wholesale market? Is Cuba in a position to begin a transformation of its socialist model and establish a new chapter called “socialism with Cuban characteristics”?
The new chapter of Cuban opening to foreign investment is the topic that we analyze in this edition of El Debate together with our guests:
– Paula Giménez, psychologist, magister, researcher and analyst at the Latin American Center for Strategic Analysis and member of the Network of Intellectuals, Artists and Social Movements in Defense of Humanity (REDH).
– Luis Enrique Ferrer, former political prisoner and prisoner of conscience of the Black Spring and member of the Patriotic Union of Cuba.
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