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International tourism/investment was important to the economy. Foreign investment efficiently exploited the country’s existing tourism. The eager willingness to accommodate foreign investors has led to a significant foreign impression in the Cuban tourism industry. To draw more foreign investment to Cuba’s tourism industry, joint ventures were created, this let the state direct enterprises to act and also offer incentives to make investment opportunities more attractive to foreign investors. Joint investment allowed Cuba to be a domestic partner and the host government, which eventually led to problems of the state being to invest in decisions.

http://www.jstor.org.proxy.lib.utk.edu:90/stable/pdf/40176322.pdf