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Failed SanctionsWhy the U.S. Embargo against Cuba Could Never Work$
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Paolo Spadoni

Print publication date: 2010

Print ISBN-13: 9780813035154

Published to Florida Scholarship Online: September 2011

DOI: 10.5744/florida/9780813035154.001.0001

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U.S. Financial Flows in the Cuban Economy

U.S. Financial Flows in the Cuban Economy

Chapter:
(p.128) 5 U.S. Financial Flows in the Cuban Economy
Source:
Failed Sanctions
Author(s):

Paolo Spadoni

Publisher:
University Press of Florida
DOI:10.5744/florida/9780813035154.003.0005

This chapter tracks the flow of hard currency reaching Cuba from the United States in order to provide evidence of the importance for the Cuban economy of activities carried out by U.S. citizens and firms. More specifically, it analyzes the presence of U.S. visitors on the island, the flow of remittances from Cuban exiles, payments to the Cuban government by American carriers for telecommunications services, and U.S. investments in foreign companies that operate in the Cuban market. It also examines U.S. food sales to Havana and other recent developments.

Keywords:   financial flows, Cuban economy, food sales, remittances, Cuban government, Cuban exiles

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