After five years of efforts to update the economy, the private sector – including the self-employed, small businesses, and cooperatives – has grown exponentially, while state enterprises providing the economy’s basic foundation have been strengthened
Author: Katheryn Felipe González | informacion@granma.cu
march 16, 2017 12:03:08
Private sector Cuban Sandwich assembly line
When in April of 2011, the 6th Congress of the Communist Party of Cuba approved the Economic and Social Policy Guidelines of the Party and the Revolution, the country began a definitive process of updating its economic model, which, as was recognized at the time, would lead to significant changes over the following five years.
To conduct a review before getting to the heart of the matter, let us recall that the Guidelines established that the economic system would continue to be based on the entire people’s socialist ownership of the fundamental means of production, governed by the principle that distribution (also socialist) would be based on “from each according to their capacity, to each according to their work.” Of course, the possibility of obstacles and contradictions in the Guidelines’ implementation was acknowledged.