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A Cuban-American Perspective . for. Change in Cuba. Perception is Reality. Centrally Planned Economy: Cuba – North Korea – Iran Cuba's past dealings with foreign investors suggest caution " Use the foreigners where it suits you. Spit them out as soon as their usefulness is over ,“

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perception is reality

Perception is Reality

  • Centrally Planned Economy: Cuba – North Korea – Iran
  • Cuba's past dealings with foreign investors suggest caution
  • "Use the foreigners where it suits you. Spit them out as soon as their usefulness is over,“
  • Cuba has closed more joint ventures than it has opened since adopted wide-ranging economic reforms in 2011
  • Government partners defrauded him by keeping two sets of books, then offered a ridiculously low sum for his stake
  • "Starting a joint venture in Cuba for a small or medium-sized foreign business is the same as putting a noose
  • around your neck,"
the uncertainty principle

The Uncertainty Principle

  • The communist government sometimes lets investment proposals die on the shelf without explanation
  • Experts say Cuba's approach to foreign business has been arbitrary
  • Who is in charge of what
  • Who is or will be your competition
  • Existence/reliability of infrastructure
the world is flat

“The World is Flat”

  • Economies are Global
  • Countries compete for investments
  • Investors follow Risk/Reward, Certainty -Stability, State of the art Infrastructure, favorable Labor Pool
  • Logistics/Technology/Comms.
  • He credits the creation of complementary software and the internet, and political factors that caused
  • several developing countries, including China, Russia, India and Latin America,
  • to open their borders at this time with the creation of the perfect storm that led to the rapid-fire pace of globalization.
  • Collapse of Berlin Wall--11/89: The event not only symbolized the end of the Cold war, it allowed people from
  • other side of the wall to join the economic mainstream. (11/09/1989)
who is in charge here

Who is in Charge here

  • Freedom to operate within the regulations
  • Foreign companies will be barred from hiring their own workers, and instead must go through Cuban employment
  • agencies as they do now.
  • "The problem with the new law is that except for taxes, little has changed, which means their attitude hasn't changed,“
  • said one European diplomat who declined to be identified. "In the end, the entire law remains discretionary."
  • Experts say Cuba's approach to foreign business has been arbitrary. If a venture is successful, the government often
  • wants a bigger stake. It welcomes foreign financing, once a project is operational it wants to take charge, they say.
  • A history that includes jailing foreign executives and attempting to seize greater control of businesses once they prove
  • successful.
  • But Murillo's remarks suggested the government intends to continue in at least a watchdog role "so that there is
  • no concentration of property." "What the new law establishes is that the state must always be there," he said.
success breeds success

Success Breeds Success

  • Use the most efficient way to create examples of Successful Ventures
  • "Cuba will not go looking for foreign investment in Miami. The law doesn't prohibit it, the policy does not promote it"
  • Foreign Trade and Foreign Investment Minister Rodrigo Malmierca said Friday
necessary but not sufficient

Necessary but not Sufficient

  • Differentiate Policy from politics
  • Tax & Regulate – Do not compete/participate
  • Consistency & Fairness
  • Business ethics- Work Ethics – Culture of commitment - Trust
  • Corruption - Crony Capitalism
  • Incentivizm – Allow Growth
  • Infrastructure / Logistics / Technology/Comms.
  • Management People - Training - outside expertise
  • The indispensable action………………………..