(Q#15) The U.S. is gradually normalizing relations with Cuba. As Cuba is currently a poor country by global standards, there is great hope that it will come to prosper in the coming decades. Yet, Cuba...

(Q#15)  The U.S. is gradually normalizing relations with Cuba.  As Cuba is currently a
              poor country by global standards, there is great hope that it will come to
              prosper in the coming decades.  Yet, Cuba currently greatly restricts and
              inhibits economic freedom, including private property rights and unregulated
              markets.   What does economic growth models predict for this country’s
              future?  This country’s prospects will likely:

 (a)  be good, provided that the government continues to prevent private companies
        from setting high selling prices and low employee wages
 (b)  be poor, unless they can shift to a political and legal regime that supports robust
        private sector activity, individual initiative and personal freedom