Havana Cuba Business Travel Culture and Politics

Havana Cuba News

Cuba Business News

Posted December 07, 2012 by publisher in Cuba-World Trade

Email this article | Print this article | Search Havana Journal        

What Roles for Foreign Direct Investment in the New Cuban Economy?

Today’s ailing Cuban economy is marked by high labor costs, low wages and small inflows of foreign investment.

In 2011, under President Raúl Castro’s leadership, the government started instituting reforms to open the economy.

Positive developments in international tourism, nickel and cobalt mining, and high value-added agriculture serve as foundations for future growth.

But progress made to date has yet to take full advantage of the plethora of competing sources of capital offered by today’s more diversified global economy.

In order to remain competitive and preserve quality social services, Cuba could learn from its own experiences with joint ventures and free trade zones, and from the experiences of other developing countries, to harness foreign capital as a vital tool of national development.

Will President Barack Obama, in his second term, take advantage of Cuba’s economic opening to forge a new path for relations with Havana?

On December 10, the Latin America Initiative at Brookings will host the launch of a new study, “The New Cuban Economy: What Roles for Foreign Investment?” by Brookings Nonresident Fellow Richard Feinberg, professor of International Political Economy at the University of California San Diego.

The report explores the role of foreign capital in the future of the Cuban economy, including recommendations for Cuba, the United States, and international financial institutions.

Feinberg will be joined by Diego Ruiz, vice president of Global Public Policy and Government Affairs for PepsiCo, Inc., and Christopher Sabatini, senior director of policy at the Americas Society and Council of the Americas.

Senior Fellow Ted Piccone, deputy director of Foreign Policy at Brookings, will provide introductory remarks and moderate the discussion.

After the program, panelists will take audience questions.


December 10, 2012

9:00 AM - 10:30 AM EST

Brookings Institution

Stein Room

1775 Massachusetts Avenue NW

Brookings Office of Communications

.(JavaScript must be enabled to view this email address)


Register Here

  1. Follow up post #1 added on December 10, 2012 by publisher with 3905 total posts

    Fantastic paper released here http://www.brookings.edu/~/media/Research/Files/Papers/2012/12/cuba economy feinberg/cuba economy feinberg.pdf

    Cuba consulting services

Would you like to add more information?

Only members can add more information. Please register or log in

  • Advertise at Havana Journal Inc
We recommend this AirBnB Food and Drink Experience... Cuban flavors: Food, Rum and Cigars
Images of Cuba
Illustration of General Antonio Maceo
Follow Havana Journal
SUBSCRIBE to our Cuba Watch newsletter
LIKE us on Facebook

FOLLOW us on Twitter

CONNECT with us on Linked In

Section Archive
Havana Journal, Inc. BBB Business Review

Member of the Association for the Study of the Cuban Economy