# In an op-ed, Prof. Roy Smith discusses Cuba's economic future

1 Faculty News February 9, 2015 ![Financial News logo ](/sites/default/files/styles/246w/public/assets/images/con_030513.jpg?itok=TpE2KEls)>

Excerpt from [Financial News](http://www.efinancialnews.com/story/2015-02-09/letter-from-cuba-fidels-island-teeters-on-the-brink-of-change) -- "In the meantime, managing transition to a reformed, semi-market economy is going to \[be\] a major challenge. Cuba lacks almost all the infrastructure it will need to move to the next level, including a basic financial system (banking, securities, insurance) and modern agricultural and industrial bases. How well, and how quickly these can be created will determine whether Cuba, with its 11 million well-educated, increasingly entrepreneurial minded population can make the most of the opportunity."

[Read more](http://www.efinancialnews.com/story/2015-02-09/letter-from-cuba-fidels-island-teeters-on-the-brink-of-change)