Recently,
Cuba's deputies approved a new law to help Cuba
attract more than $2bn a year in investments and help treble economic
growth to 5-7%. Officials have said the
new law would offer foreign investors tax breaks and guarantees
against expropriation. A British
businessman said "The new law looks very promising as a strong
incentive for foreign investment."
Like
we already discussed in class, one way to improve the standard of
living is to attract more foreign direct investment. Cuba's new law
is aimed at boosting their economy while preserving their
independence and sovereignty.
Now,
university students in Taiwan have occupied the parliament to against
the trade deals with China that will allow more investment into
Taiwan by China as part of the ECFA FTA
between China and Taiwan. I think trade
can make both parties better off. It will stimulate Taiwan's business
to be more competitive.
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