Word: free-market
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...quickest fix for the Cuban economy would be an end to the 32-year U.S. embargo, but Bill Clinton is not eager to end the cold war-era isolation. In the long run, if Castro will not or cannot adopt free-market reforms, his % country has little hope of ending what Cubans call the "special period": the current era of acute hardship brought on by the fall of the Soviet empire, which had sustained Cuba's command economy until 1991. If he does institute far-reaching changes and the rest of the world -- despite the U.S. embargo -- responds with trade...
...Gutierrez Menoyo, a guerrilla commander during the revolution. "The Cuban government has taken a step that they hadn't taken for 35 years -- to sit down and talk with the opposition and recognize its legitimacy," Cernuda said. Neither side went into details of the talks, which concerned acceleration of free-market reforms in Cuba and exiles' demands for multiparty democracy...
Administration aides have some intellectual arguments for maintaining a cold war stance toward Cuba. Washington officials insist that the U.S. embargo is not a significant cause of Cuba's economic desperation, which stems primarily from the loss of its Soviet lifeline and Castro's subsequent refusal to make free-market reforms. While the U.S. negotiates with other repressive communist regimes like Vietnam, North Korea and China, officials say these are cases where the U.S. has important strategic interests to safeguard: nuclear nonproliferation in the case of North Korea, a booming trade with China. In contrast, says an Administration official...
NAFTA will not be a real success in Mexico until consumer buying power expands and more businesses can start new ventures in the U.S. Last week's elections should give Mexico's economy a needed boost. The continuity of business-friendly, free-market policies under the P.R.I. will reassure investors who had been hanging back for months. If the money continues to flow, it will boost jobs and prosperity throughout Mexico...
...hands," he said. "I just hope he can make the economy take off so my kids can have a good future." When Zedillo assumes office on Dec. 1, the country expects continuity from him, not dramatic new policies. Salinas has already pulled Mexico back from economic catastrophe with free-market policies, privatization and a fierce war on inflation. "On the economic side, Zedillo doesn't have to do anything at all," says Jonathan Heath, a Mexico City consultant. "We've already started a recovery." But of course, Zedillo does have to do something. His biggest task will be to turn...