Cuba Loosens Grip on Economy - Presented by: The Aol. On Network

The Cuban government is relaxing its grip on the island's socialist economy, allowing the legal creation of private enterprise for the first time since the 1959 Revolution. In a bid to kickstart the sluggish economy and create jobs, the move is transforming the nation of 11 million people, as thousands acquire licenses to launch their own businesses - a development that could be the source of much social tension.

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