PROMOTING FDI IN A TRANSITIONAL CUBAN ECONOMY: ASSESSMENTS POLICY AND PRACTICAL PERSPECTIVE
Abstract
Foreign direct investment (FDI) always plays a vital role in the economic development of every country, especially in developing countries. Cuba has continuously reformed its economic policies and legal environment to attract FDI. Cuba's efforts have been implemented since the collapse of the Soviet Union and the socialist system in Eastern Europe in 1991. However, these efforts have only really achieved encouraging results since then. The 6th Congress of the Communist Party of Cuba in April 2011 made many groundbreaking decisions in economic reform policies. This article analyzes Cuba's potential to attract FDI since the 6th Congress of the Communist Party of Cuba, which emphasizes essential policies and legal adjustments to attract FDI to Cuba.
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