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US/Cuban embargo likely to change

Published:Thursday | November 6, 2008 | 1:26 PM

A London-based academic says Barack Obama’s presidential victory means that America\'s long-standing policy against Cuba is likely to change.



Dr. Stephen Wilkinson of the London Metropolitan University is predicting that the change will result in what he describes as a gold rush stampede by foreign firms into the Cuban market in the next few months.



He said they would be seeking to take advantage of the possibility of investing in Cuba before American firms get permission to do so.



Dr. Wilkinson said he also expects to see an immediate relaxation of aspects of the US embargo that he says will lead to bigger changes in the future.