The global financial crisis of recent years has prompted a review of Cuba's economy—one of the most enduring aspects of Cuban society. Led by reform-minded President Raúl Castro, Cuba is embarking on some of the most sweeping social and economic transformations enacted since the Revolution began in 1959. Since the announced layoff of 500,000 state workers in 2010, the government has taken a number of steps to reduce local subsidies and introduce new taxes in order to diminish the fiscal deficit. Though the economy will continue to be based on central planning, the country is privatizing and liberalizing key economic sectors. These reforms are being implemented slowly and cautiously, but they are expected to significantly affect the social, economic, and political landscape of the Caribbean nation (Perales 2011). The economic future of the island took center stage at the last congressional meeting of the Cuban Communist Party held in April 2011 (Perales 2011). Among the proposed reforms was the discontinuation of the