Cuba Approves New “Law on Foreign Investment”

Go Lean Commentary

Cuba FlagCuba sera libre!

This has been the “war chant” for many lovers of Cuban heritage, culture and homeland. It’s a reminder that Cuba currently lacks many of the same freedoms so many of its neighbors enjoy. It is a mission of the book Go Lean … Caribbean, to bring change to the Caribbean in general and Cuba in particular, with the implementation of the Caribbean Union Trade Federation (CU). See the relevance in the following news article here:

Title: Cuba Approves New “Law on Foreign Investment”
By: Caribbean Journal Online Magazine

Cuba’s National Assembly has approved a new “Law on Foreign Investment,” the government said Saturday.
In a statement, the government said it would be an “essential instrument in the interest of Cuba to consolidate its economic model and build a prosperous and sustainable socialism.”

The law included a mix of mostly tax incentives, and it could be the latest move in what has been a gradual shift toward liberalizing the country’s economy, although it has come at a decidedly slow pace.

That nominal push kicked off last year, when Raul Castro, announcing plans to retire from politics in 2018, said Cuba needed to update its economic model to achieve a “sustainable and prosperous socialist society, a society less egalitarian, but more fair.”

The vote came at a special meeting convened by Cuba’s state council to discuss regulation; the meeting focused on “the need to attract foreign capital to the sectors of interest to the country,” according to a statement.

Marino Murillo Jorge, vice president of Cuba’s Council of Ministers, said that well-done foreign investment “does not mean giving away the country.”

He said the new model would focus on ensuring not just economic growth but development, with a target growth rate of between five and seven percent.

Retrieved 04/01/2014 from:

Cuba Blog GDPThe Go Lean roadmap recognizes that Cuba is very significant in the geographic and cultural anatomy of the Caribbean. As of 2010, Cuba possessed 26% of the region’s population (11.2 million out of 42.2 million) and 29% of the gross GDP, with their assumed $111 Billion output. But this is a far cry from where Cuba was 60 years ago, with one study placing Cuba as the #3 economy in Latin America and the Caribbean[a]. Though the “mighty has fallen”, this book posits that the “sleeping giant”, that is the Cuban economy, will awaken. The Go Loan roadmap is the preparation of Cuba’s re-emergence to the world’s economic consciousness. The realities and possibilities of Cuba’s past and future are identified early in the book, embedded in the Declaration of Interdependence, pronouncing a need for reconciliation efforts (Page 11):

xiii. Whereas the legacy of dissensions in many member-states (for example: Haiti and Cuba) will require a concerted effort to integrate the exile community’s repatriation, the Federation must arrange for Reconciliation Commissions to satiate a demand for justice.

The foregoing article confirms that change is on the way! The Cuban Communist regime recognizes that they need foreign investment, a “rightward” shift towards socialism; less egalitarianism and more free market accomplishments. The CU will expedite this process even more for/with Cuba. Where they declare “open arms” for foreign investments, we declare a regional embrace of Caribbean participation (Page 13):

xxiv. Whereas a free market economy can be induced and spurred for continuous progress, the Federation must install the controls to better manage aspects of the economy: jobs, inflation, savings rate, investments and other economic principles. Thereby attracting direct foreign investment because of the stability and vibrancy of our economy.

To the population of Cubans living on the island, we embrace you; “Help” is on the way! We entreat you to lean-in to this plan for confederation with your Caribbean neighbors.

To the Cuban Diaspora living abroad, we embrace you. There is a role for your inclusion in the future of Cuba. We entreat you to also lean-in to this roadmap for change and economic optimization for your beloved Cuba.

To the Cuban legacies, those descendants of Cuba’s past, we encourage you to tune-in and observe how the passions of your heritage will succeed in this new world.

Cuba sera libre!

Download the Book- Go Lean…Caribbean Now!!!


Appendix – Reference:

a. United Nations Development Program, Human Development Report, Various issues, 1990, 1992, New York: Oxford University Press, 1991, 1993.


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