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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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The Impact of the Helms-Burton Law on Foreign Investment in Cuba

The Impact of the Helms-Burton Law on Foreign Investment in Cuba

(p.97) 4 The Impact of the Helms-Burton Law on Foreign Investment in Cuba
Failed Sanctions

Paolo Spadoni

University Press of Florida

This chapter describes several different ways in which the Helms-Burton law affects prospective and existing foreign investors in Cuba. It also evaluates the impact of the legislation on Cuba's economic performance and the flow of foreign investment as well as its effectiveness in forcing overseas firms to pull out of the island. The analysis gives special attention to the sizable number of existing foreign investors on the island that have been targeted by the U.S. law. After all, the U.S. government mostly targeted foreign companies with major business activities in Cuba in an attempt to produce a serious negative impact on the Cuban economy.

Keywords:   Helms-Burton Law, foreign investment, Cuban economy, foreign companies, economic performance, Title IV

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