LEGAL REFORM TARGETING THE CUBAN ECONOMY LED BY MIGUEL DÍAZ-CANEL: CRITICAL ASSESSMENT OF THE PRIVATE ECONOMIC SECTOR AND FOREIGN DIRECT INVESTMENT POLICY REFORMS

Abstract

Since becoming the president of Cuba, Miguel Díaz-Canel has carried out many reforms to revive the Cuban economy, which has suffered from illness for many years. Díaz-Canel's management measures and constitutional reforms aim to rebuild the economy, strengthen internal resources to recover and develop key economic sectors, and increase the export value of goods. This is evident in Cuba's current financial landscape. The article’s objective is to review the Cuban economy before Miguel Díaz-Canel presidency, analyze changes in legal policies for the private economic sector, and Policy reforms on foreign direct investment and international cooperation. Therefore, the article indicates the reforms aim to eliminate obstacles to economic progress, foster international economic collaboration, and attract foreign investments under Miguel Diaz-Canel's leadership.