[lbo-talk] Cuba's painful transition from sugar economy

Michael Pugliese michael.098762001 at gmail.com
Thu Aug 25 08:37:58 PDT 2005


What kind of, "blockade, " (like during the Cuban Missile Crisis?) w/ close to 2 billion $ foreign investment in Cuba?

Didn't look at the website I sent, eh?

http://www.cubatrade.org/foreign.html

Foreign Investment and Cuba The following figures represent the overall amounts of announced, committed, and delivered investments since 1990 by private sector companies and government-controlled companies from various countries to enterprises within the Republic of Cuba as of 20 March 1999. Information, which may or may not be in the public domain, compiled through the media, other public sources, individual discussions with company representatives, non-Republic of Cuba government officials, and Republic of Cuba-based enterprise managers and government officials.

On 15 March 1999, the United States Department of State in Washington, D.C., reported that an estimated total of US$1.7 billion had been invested in the Republic of Cuba since 1990. The largest sectors receiving foreign investment were reported to be: Telecommunications with US$650 million; Mining with US$350 million; and Tourism with US$200 million.

Chart follows of foreign investment, announced and committed/delivered. Canada has tons invested, for example. Canada, announced 1,807,000,000.00 committed/delivered 600,000,000.00*

-- Michael Pugliese, Non-Person or David Horowitz take your pick ;-)



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