Cuba’s Economy Surged in 2015

Cuba’s economic growth quickened significantly in 2015, according to the latest estimates from the United Nations Economic Commission for Latin America and the Caribbean. The island’s gross domestic product grew by 4 percent in 2015, after expanding by just 1.3 percent in 2014, according to the ECLAC data. That also represented Cuba’s highest year-over-year GDP … Read more

Is Cuba the New El Dorado?

Is Cuba the New El Dorado?

Exploring Cuba’s economic opportunities By Anne-Sophie Gidoin Op-Ed Contributor To catch 2 Billion USD in foreign investment per year, the Caribbean’s biggest island has equipped itself with an engaging legal framework.  The remedies available in case of disputes against local entities reinforce the attractiveness of this 11 million individuals-market. Cuba seeks foreign investment in the … Read more

How Tech Promises To Radically Transform Cuba

How Tech Promises To Radically Transform Cuba

by Simons Chase According to economic development theory, technology transfer and deregulation hold great promise as a pathway for developing countries, like Cuba, to lift incomes, stimulate foreign direct investment and enhance quality of life.  To date, the ligature between this type of neoclassical growth model and actual results has been government policy supported by … Read more

Cuba’s Financial Road to Economic Transformation

Cuba’s Financial Road to Economic Transformation

Despite President Obama’s recent initiative to normalize bilateral relations, US Congress remains a major obstacle to Cuba’s decades long political and economic estrangement. The Helms-Burton Act in particular requires outstanding claims against Cuba to be resolved before sanctions are lifted – and also limits executive authority to fully lift sanctions until Cuba’s government is democratically … Read more