AUC Geographica (Acta Universitatis Carolinae Geographica) is a scholarly academic journal continuously published since 1966 that publishes research in the broadly defined field of geography: physical geography, geo-ecology, regional, social, political and economic geography, regional development, cartography, geoinformatics, demography and geo-demography.
AUC Geographica also publishes articles that contribute to advances in geographic theory and methodology and address the questions of regional, socio-economic and population policy-making in Czechia.
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AUC GEOGRAPHICA, Vol 57 No 2 (2022), 189–204
Mapping MNEs in Cuba and barriers to their growth
Petr Šmelc, Jana Vlčková
published online: 22. 12. 2022
Very little is known about the investment climate and operations of MNEs in Cuba due to limited data provided by the Cuban government. In this paper, we explore the investment climate in Cuba and identify factors that limit the activities of MNEs. We also assess the impact of the COVID-19 pandemic and the future prospects for MNEs in Cuba. Our research is based on question¬naires and semi-structured interviews in MNEs operating in Cuba. MNEs consider low macroeconomic stability, the impossibility of acquiring real estate, access to financing and the movement of capital, and profit repatriation as the most problematic factors for their business activities. On the other hand, IPR protection, corruption, the skills and education of the available workforce and the availability of electricity were assessed as the least problematic. Less than half of the MNEs interviewed found positive changes con¬cerning the investment climate in Cuba during recent years. This implies limited prospects for economic growth in the near future.
keywords: investment climate; MNEs; Cuba; foreign direct investment
1. World Economic Forum (2019): The Global Competitiveness Report 2019. Geneva: World Economic Forum, https://www3.weforum.org/docs/WEF_TheGlobalCompetitivenessReport2019.pdf (accessed March 23, 2022). CrossRef
Mapping MNEs in Cuba and barriers to their growth is licensed under a Creative Commons Attribution 4.0 International License.
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