Cuba's Biggest Economic Reforms in Decades: Is the Island Embracing Capitalism?

Cuba has announced what many observers are calling the most significant economic reforms since the 1959 Cuban Revolution. The government has unveiled 176 measures aimed at decentralizing the island's state-run economy and creating more opportunities for private enterprise.

In this episode, we examine what these reforms involve, why they are being introduced now, and what they could mean for Cuba's future. We explore key changes including greater freedom for private businesses, direct imports and exports, the possibility of private banks, investment by Cubans living abroad, and even the arrival of international fast-food chains.

You'll also learn essential English vocabulary related to economics and politics, includin ...