Cuba: An Overview of Foreign Direct Investment

Omar E. Perez Villanueva ()
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Omar E. Perez Villanueva: Centre for the Study of Cuban Economy, University of Havana

No 02-04, Carleton Economic Papers from Carleton University, Department of Economics

Abstract: An important part of the Cuban government’s response to the crisis of the 1990s focused on opening the country to foreign resources in order to capture foreign exchange, which had reached minimal levels, in the shortest time possible. This economic opening was critical for reactivating the economy and confronting the reality of the global economy and Cuba’s insertion in it. The most important aspects of the economic opening on the international plane were the promotion of and opening to investments of foreign capital, trade restructuring, and the accelerated development of international tourism.

Keywords: Cuba; development; multi-national corporation; foreign investment; tourism; sugar; nickel; tobacco (search for similar items in EconPapers)
Pages: 29 pages
Date: 2002-02-01
New Economics Papers: this item is included in nep-ifn and nep-mfd
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Published: Carleton Economic Papers

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