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Cuba's ruling Communist Party first cracked open the door to private business
in the 1990s when it lost the Soviet Union as its patron.
Starting in the 2010s, it went further, pushed first by the global financial crisis and then by the COVID-19 pandemic.
Will Donald Trump, whose measures have plunged the country into unprecedented hardship,
achieve the next and most drastic economic change?
In an emergency session on June 18, Cuba's National Assembly approved a package of 176 reforms.
It is the most radical attempt to overhaul the economy since the revolution in 1959. On paper,
the measures push the country towards a market economy while preserving the state's control.
Cuba is going to implement market socialism Cuban style, says Juan Triana Barros of the University of Havana.
Not everyone is sure about that.
Fully implemented, the reforms would shrink the areas of the economy from which private businesses are banned,
enable them to import and export more freely and let them attract foreign investment.
For the first time, entrepreneurs would be permitted to hire more than 100 employees and own multiple firms.
The reforms would also shake up state-owned enterprises.
They could be sold or made into commercial ventures with shares and equity stakes and the possibility of bankruptcy.
They could set their own prices.