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First, read the following Reuters article “How Cuba’s monetary reform will take place and impact the economy Links to an external site.” and watch the DW News video “How Cuba’s Reforms Are Affecting Daily LifeLinks to an external site. to learn more about Cuban economic system.  Also conduct your own research regarding Cuba’s political and economic system, and reforms.

Then, respond to the following two questions –

  • Which political and economic system does Cuba fall under? Contrast this system with that of the United States.
  • How will Cuba’s reform to adopt one currency open its economy?

no exact amount of words just answer the question