Final answer:
Cuba has not instituted free-market reforms, focusing on tourism and some capitalistic reforms while maintaining a socialist state.
Explanation:
False.
Cuba has not instituted a number of free-market reforms. Instead, after the collapse of the Soviet Union in 1991, Cuba has been increasing its focus on tourism and some capitalistic reforms while still maintaining a socialist state.
This is in contrast to Chile, which adopted sweeping market reforms in the late 1970s and emerged as the most prosperous country in Latin America as a result of creating the freest economy in the region.
Learn more about Economic Reforms in Cuba and Chile here:
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