HAVANA TIMES — The current economic reforms being implemented by Cuban President Raul Castro will be insufficient to raise the living standards of the island’s people, according to a study released on Monday in Havana by the local Catholic magazine Espacio Laical.
According to Cuban-born economist Mauricio de Miranda, writing in the issue titled “Cuba: Towards a Development Strategy for the Beginning of the Century,” the island needs to open more to the market, change its monetary system and acquire a new legal framework to establish clear and transparent rules.
“The urgency of institutional reforms is crucial,” said De Miranda, who proposes issuing new commercial and labor codes, as well as new laws relating to taxes, banking, housing and foreign investment, and making transactions more flexible, reported the AFP.
De Miranda, a university professor in Colombia, added his views to those of five other Cuban-born economists in this book being promoted on the online edition of the magazine.
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