Foreign investment in socialist Cuba: significance and prospects
In: Studies in comparative international development, Band 31, Heft 4
ISSN: 0039-3606
In February 1982, Cuba's Council of State approved legislation that authorized some forms of foreign investment in the island. The legislation was largely ignored by foreign business that for nearly a decade showed scant interest in investing in Cuba. However, in the 1990s foreign investment in socialist Cuba has increased rapidly. Gauges the economic significance of foreign investment in the context of the financial needs of the country; and touches on a number of issues that have a bearing on the further growth of foreign investment in Cuba. Concludes with general observations on the impact of foreign investment on the Cuban economy and prospects for the future. (Original abstract - amended)