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shortly be in search of a social market kind of system that may agree with their explicit history, cultural traits, and financial potentialities. That system ought to be able to maintain a dynamic steadiness in the macroeconomic sphere in order to move safely over the hurdles of a aggressive international panorama in constant flux whereas promoting the sound and balanced inner improvement of the financial system in a climate of social justice, economic effectivity, and rationality. The troublesome artwork of promoting and channeling particular person and personal activity in an atmosphere of constructive freedom whereas avoiding the extremes of excessive intervention and chaotic laissez faire is the challenge posed by the duty of creating a brand new political, social, and economic order in Cuba at the beginning of the twenty-first century. Strategy With that in thoughts, allow us to transfer on to detail some of the principal premises and ideas which function a foundation and body for recommendations. These emanate each from a gradualist, balanced development sort of strategy for reconstruction and improvement and in addition the actual modus operandi of the processes of decollectivization and desocialization that the Cuban society will encounter. Of extraordinary significance is the need for the enough coordination in time and the suitable sequencing of the means of macro and micro structural change , with the liberalization, austerity, and stabilization measures to be adopted—similar to monetary and financial insurance policies in general and likewise these specifically associated to costs and subsidies—with adjustment insurance policies. These can be geared toward rising market competitiveness and effectivity and would possibly include freer commerce, trade fee simplification, corporate governance reform and profit maximizing conduct, labor market mobility, economically rational banking system, and the like. At the end of the restructuring stage of the financial system, the essential structural changes and the policies of liberalization, stabilization, and adjustment might be absolutely coordinated and harmonized with each other. It can be practically inconceivable to try to orchestrate instantaneous achievement of all forms of changes—contemplate the hazard and

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