World Finance Looks at the Cuban Evolution
(firmenpresse) - LONDON, ENGLAND -- (Marketwired) -- 05/01/15 -- With plans firmly in place to soften relations between the US and Cuba, the Caribbean island looks to upset a 35-year pattern of stilted progress and see real economic growth return to its shores. As Cuba readies to unshackle itself from half a century of isolation, a new World Finance special report takes a look at how doing so might transform the economy.
The World Finance report asks whether Cuba and the US could become strong trading partners, as they were before relations turned sour, and, if so, what repercussions this might bring for the island economy. "Increased trade will ultimately improve the fortunes of a number of industries, both in the US and Cuba", according to World Finance. "While opportunities for US firms looking to expand into a potentially lucrative new market will exist, it is Cuban industry that should see the biggest financial shot in the arm from the relaxing of relations between the two countries."
The changed relationship might also prove key for Cuba's tourism sector, and it is thought that it might even treble in size should the new rules come to pass. Largely state-run and with little investment made in higher-end services, an influx of US tourists would bring a substantial improvement to Cuba's crumbling infrastructure and bring millions more tourists every year.
According to the World Finance report: "Obama's intent and changing the relationship between the US and Cuba, and offering an olive branch to the country, should be welcomed as the first serious attempt in a generation to bring back such a historically important neighbour into the international fold."
To read the report in full, pick up the new issue of World Finance, available online, on tablet and in print now.
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World Finance
Matthew Timms
Editorial Department
+44 (0)20 7553 4177
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Datum: 01.05.2015 - 12:00 Uhr
Sprache: Deutsch
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