With stark income inequalities rooted in its dual currency economy, Cuba is taxing down high and unearned incomes, while trying to raise national productivity and official salaries through performance-related pay and labor restructuring. Such measures are portrayed as an abandonment of socialism, but in Cuba are discussed in terms of historic socialist debates about distribution and the balance of moral and material incentives at work, in a society still characterized by common ownership, social protection, and collective debate.
Tests for the relationship between foreign direct investment and economic growth among some developing countries distributed between three geographic areas, over the period 1990-2005. Findings show that foreign direct investment do positively affect economic growth in Africa and Latin America/the Caribbean.
