By editor
Originally published on Wed May 2, 2012 3:26 pm
Socialism has been Cuba's official economic policy for more than a half-century, and some 85 percent of the Cuban workforce is employed by the state.
But that is changing fast. Communist authorities say that nearly half of Cuba's economic activity will shift to the private or "non-state" sector in the next four or five years.
Those plans signal a new urgency to Cuban President Raul Castro's economic reforms, and one reason is that Venezuelan President Hugo Chavez, the island's biggest benefactor, is battling cancer and facing re-election in October.
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