The case for Cuban en­gage­ment

Financial Mirror (Cyprus) - - FRONT PAGE -

Ge­orge­town Uni­ver­sity’s McDonough School of di­rectly ad­dresses past er­rors and fo­cuses on resti­tu­tion and im­prove­ments.

Such a move would ad­vance U.S. busi­nesses and their strate­gic in­ter­ests while al­low­ing Cuban ci­ti­zens to op­er­ate in the pri­vate sec­tor in­de­pen­dent of the com­mu­nist regime.

So far in the Trump ad­min­is­tra­tion, the op­po­site tac­tic has been taken by restrict­ing Amer­i­can travel and trade with Cuba, which is a re­ver­sal of Pres­i­dent Barack Obama’s poli­cies.

A pro-busi­ness pos­ture al­lows for in­creased com­mer­cial re­la­tions (beyond cigars) that would be more ef­fec­tive in coun­ter­ing the in­ter­ests of the Cuban mil­i­tary’s mo­nop­oly in busi­ness.

This pol­icy would em­power pri­vate Cuban en­trepreneurs by elim­i­nat­ing their de­pen­dence on the Cuban state ap­pa­ra­tus and open them up to U.S. lead­er­ship and in­flu­ence in the re­gion. Pri­vate suc­cess over pub­lic ven­tures would speak vol­umes in fa­vor of new eco­nomic and so­cial think­ing.

As a first mea­sure, restor­ing the ca­pac­ity for U.S. ci­ti­zens to sched­ule in­di­vid­ual vis­its to Cuba, which was elim­i­nated in 2017, should be con­sid­ered.

The po­ten­tial eco­nomic boon for Cuba’s tourist in­dus­try could even­tu­ally stim­u­late growth in both the U.S. and Cuban economies. Also, this mea­sure would pro­mote de­moc­ra­ti­za­tion and bol­ster in­no­va­tion and an en­tre­pre­neur­ial spirit in Cuba.

The re­cent promis­ing de­vel­op­ments in the Korean Penin­sula in­di­cate that diplo­macy rather than deter­rence can ad­vance Amer­i­can in­ter­ests in places where ide­o­log­i­cal and strate­gic di­vi­sions run deep. As the White House ap­proaches a deal in East Asia, it could ap­ply the lessons learned from the North Korean ne­go­ti­a­tions closer to home in Cuba.

Pres­i­dent Trump’s acu­men for deal­mak­ing can face an ul­ti­mate test in Cuba. Open­ing con­ver­sa­tions — and trade — with the is­land could mark a vast im­prove­ment in the bi­lat­eral re­la­tion­ship. Hope­fully, the Amer­i­can peo­ple can look for­ward to the use of pol­i­tics that shapes a fu­ture good for all of us. Busi­ness, long-term

Newspapers in English

Newspapers from Cyprus

© PressReader. All rights reserved.