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Cuba: An Overview of Foreign Direct Investment

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  • Omar E. Perez Villanueva

    () (Centre for the Study of Cuban Economy, University of Havana)

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.

Suggested Citation

  • Omar E. Perez Villanueva, 2002. "Cuba: An Overview of Foreign Direct Investment," Carleton Economic Papers 02-04, Carleton University, Department of Economics.
  • Handle: RePEc:car:carecp:02-04
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    File URL: http://www.carleton.ca/economics/wp-content/uploads/cep02-04.pdf
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    References listed on IDEAS

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    1. A. P. Lerner, 1934. "Economic Theory and Socialist Economy," Review of Economic Studies, Oxford University Press, vol. 2(1), pages 51-61.
    2. Howard, M C & King, J E, 2001. "Where Marx Was Right: Towards a More Secure Foundation for Heterodox Economies," Cambridge Journal of Economics, Oxford University Press, vol. 25(6), pages 785-807, November.
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    Keywords

    Cuba; development; multi-national corporation; foreign investment; tourism; sugar; nickel; tobacco;

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