This paper describes the legal bases for a privatization program in Cuba during its free-market transition.2 An adequate legal framework will be necessary to remove Cuba’s state-owned enterprises (“SOEs”) from state control and allow the resulting private entities to function efficiently. Recent examples of successful privatization programs from which one can draw guidance for Cuba […]
Recommended Features of a Foreign Investment Code for Cuba’s Free-Market Transition
INTRODUCTION Foreign investment, and foreign direct investment in particular, has in recent times been the driving force behind the growth and restructuring of formerly sheltered economies, and has also served as a vehicle for the internationalization of many of the world’s economies. Even though its economy remains under tight government controls, Cuba has recently joined […]