What Makes it Hard for Cuba to Reform?
October 12, 2016
The collapse of the Soviet Union forced Cuba to enter the Special Period in the 1990s. Since the Special Period, Cuban observers always expect that Cuba pursue the economic reforms like China’s Reform and Opening up and Vietnam’s Doi Moi. But the pace of Cuba’s economic reforms is so slow that the country is still constantly experiencing chronic shortages. Although the Cuban government attempts to attract foreign investment, its policies are inconsistent and cannot provide a hospitable environment for foreign investment so far.