World Finance Looks at the Cuban Evolution

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.

http://www.worldfinance.com

World News Media is a leading publisher of quality financial and business magazines, enjoying a global distribution network that includes subscriber lists of the most prominent and senior decision-makers around the world, as well as comprehensive airport, hotel and conference site distribution.

Contacts:
World Finance
Matthew Timms
Editorial Department
+44 (0)20 7553 4177
[email protected]

Source: World Finance

You May Also Be Interested In

• e.l.f. Cosmetics Answers Community Demand with the Return of Pickle-Inspired Glow Reviver Melting Lip Balms
• FOPLP Curing and Annealing Oven Adds Dedicated 310mm Chamber Configuration
• 12B SPORTS and VR46 Racing Team Bring Sung Kang into the World of MotoGP