Cuba: Foreign Investment Reform Posted By *Circles Robinson* On May 23, 2013 @ 8:21 am In *Business & Economy,Features,Recent Posts* | *No Comments<http://www.havanatimes.org/?p=93516&print=1#comments_controls> *
*By Roberto Veiga González* *(Progreso Weekly <http://progreso-weekly.com/> [1])* [image: progreso] <http://www.havanatimes.org/?attachment_id=93497>[2]HAVANA TIMES In July 2012, the government announced that it was working to update the current Law on Foreign Investments. At the time, it said that the proposed bill would be ready before years end. We have waited with a mixture of patience and impatience, because this is a hot topic, a pressing issue. However, were ending the first half of 2013 and may have to continue to wait. Foreign investment has some negative facets, but also others that may be positive. Nevertheless, I must first point something out. The new legal rules that will guide foreign investments in our country are being drafted in secret with the same secrecy that President Raúl Castro has criticized. Cuban society should have been systematically informed and in detail about the work being done on this subject. Ill go further: when designing a new policy on such a sensitive subject, the peoples voice must be heard. I know that the Powers That Be take into account the peoples opinions, but whats needed is to institutionalize mechanisms so the entire nation labor, education and neighbor collectives, teams of intellectuals, social sectors, groups with similar criteria, and others may dialogue about the issue and co-participate more directly in the design of the new policies and new laws. This would reinforce our democratic elements and foster the exercise of citizen sovereignty. It is a challenge that must be met during the next constitutional reform, already announced. The delay in the enactment of this new law is troubling, because the countrys economic situation, and thereby the life of the ordinary Cuban, suffers from many limitations. We are heading toward an economic strategy and new models of ownership and procedures that are designed to pull us out of the crisis. Nevertheless, many factors rob this process of the necessary agility and integrality. To move toward development, it is essential that we inject ourselves into the economic mechanisms that exist in the world we live in. We must redefine more radically than ever the models of ownership and procedure, something we do very slowly because of a mixture of prejudices and insufficiencies in our economic and administrative culture. We must also broaden the possibilities for the importation of much money, much experience, abundant technology, etc. Without this, everything else might fail. And this is where an updating of the foreign-investments law can play an important role. For that reason, its enactment becomes urgent, as well as a broad and intense effort to take best advantage from the law. This is a hot issue that requires study because, even though we should speed up the peoples immediate well-being, that well-being requires that we dont turn this country into a nest of vultures that corrode even further our societys honesty and sovereignty. This is an important aspect, and it may have delayed from a positive point of view the drafting of the bill. However, we must make sure that this danger does not delay and limit our inter-relations with the rest of the world, from whence comes the foreign investment this country needs. We must make sure that the defense of probity and sovereignty does not paralyze our progress. Likewise, we must remain alert so that, while designing a way to safeguard those two pillars, we dont establish mechanisms that are based on grotesque prejudices and lack of economic and political culture, thus hampering our own steps. Whats needed is to build public management on a platform of wisdom and boldness. I understand that this will always be difficult, especially in the context of Cuba, suffused and surrounded by some dishonesty and mistrust. For that reason, all honest persons must contribute to consolidate and accelerate the right course. Many Cubans trust that these qualities will prevail and the reform will promote rectitude in the nations economic performance and sovereignty. But they also want the reform to promote the collective well-being hoped for by many Cubans, revolutionaries or not, as well as the individual prosperity of those who labor in the enterprises generated by the new law. In that sense, I hope that those workers will be remunerated directly, in sufficient amounts and with money that has real value. I also hope that, in those enterprises, the labor union is taught to behave more fittingly in the framework of new and necessary economic and labor relations. Large and small investments should be enabled, because all of them are worthwhile and contributive. The approval and establishment of the new enterprises should be speeded up and decentralized, and devices should be created to prevent and combat corruption. The way to design, approve, execute and control the socialization of the wealth these investments might bring into the country should be increasingly democratized. These are some of the hopes that Ive heard from the people around me. Cuba is taking positive steps that are taking us to a better future. We must find the way to do this with greater participation and from a broader consensus. This way, the changes will be better conceived, will enjoy greater legitimacy, involve more citizens in the commitment to consolidate them. This way, well reach the desired well-being sooner. ------------------------------ Article printed from Cuba's Havana Times.org: *http://www.havanatimes.org* URL to article: *http://www.havanatimes.org/?p=93516* URLs in this post: [1] Progreso Weekly: *http://progreso-weekly.com* [2] Image: *http://www.havanatimes.org/?attachment_id=93497* *--------------------* * * [Non-text portions of this message have been removed] ------------------------------------ --------------------------------------------------------------------------- LAAMN: Los Angeles Alternative Media Network --------------------------------------------------------------------------- Unsubscribe: <mailto:[email protected]> --------------------------------------------------------------------------- Subscribe: <mailto:[email protected]> --------------------------------------------------------------------------- Digest: <mailto:[email protected]> --------------------------------------------------------------------------- Help: <mailto:[email protected]?subject=laamn> --------------------------------------------------------------------------- Post: <mailto:[email protected]> --------------------------------------------------------------------------- Archive1: <http://www.egroups.com/messages/laamn> --------------------------------------------------------------------------- Archive2: <http://www.mail-archive.com/[email protected]> --------------------------------------------------------------------------- Yahoo! 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