UDC 338(729.1)
Biblid: 0543-3657, 63 (2012)
Vol. 63, No 1146, pp. 18-27
DOI:

Izvorni naučni rad
Received: 01 Jan 1970
Accepted: 01 Jan 1970

CUBA – THE BEGINNING OF SOCIAL AND ECONOMIC REFORMS

Vesić Dobrica (Viši naučni saradnik, Institut za međunarodnu politiku i privredu, Beograd), dobrica@diplomacy.bg.ac.rs

The economy of Cuba is still under the central supervision of the political authorities. In recent years, some reforms have been implemented to reduce the insolvency of companies and countries, increase effectiveness and efficiency of companies and eliminate chronic food shortages as well as some other fixed assets and consumer goods. Although the Cuban economy is based on state ownership, private entrepreneurship is on the rise. Tourism has become one of the main sources of income. The paper analyzes the current social and economic conditions in Cuba with emphasis on the beginning of certain reform measures after a half of century isolation and a lack of reforms.

Keywords: Cuba, reforms, economy, tourism, real estate