The Economic Quest for the Development of Cuba Essay -- Essays Papers

The Economic Quest for the outgrowth of CubaIntroductionTo state lightly, Americans generally frown upon communist countries. Though on that point argon the obvious grievances of political and ideological differences that will not be discussed in this paper, the opinions with respect to the parsimoniousness have also sparked heated discourse. Those that are capitalists feel that without a free market and the power of the invisible hand, the economy will not be efficient and eventually crumble. And in more or less cases, this assumption was true in the twentieth century. But with Cuba, a flushed sylvan, communism may not be the major factor to unsaved at the present. Some feel Cuba has not focused enough on industrial growth, while others say it is the lack of physical capital combine with Cubas inability to attract foreign direct investment. Yet just about agree that as a short third world country in todays global economy, Cuba is facing many challenges to victuals up with the pace of the world. In spite of its current condition, this country appease has significant economic potential. In reality, it is quite astounding to look upon Cuba and what this small country has had to encounter in the past fifteen years. At the commence of the 1990s, an economic crisis struck Cuba. When the Soviet merger collapsed and the socialist bloc disappeared, Cuba, world heavily reliant on this alliance, suffered immense economic consequences. The Soviet Union was Cubas trading partner and vital contributor through investments, cookery of resources and technology. Because of their socialist relationship, eighty-five percent of Cubas trade,... including sugar and citrus yield was with the Soviet Union, while at the same time eighty-eight percent of Cubas i... ...d the Development Prospects of Cuba. Developing Prospects in Cuba An Agenda in the Making. London build of Latin American Studies, 2002.Monreal, Pedro. Export Substituition Reindustrialisation i n Cuba Development Strategies Revisited. Developing Prospects in Cuba An Agenda in the Making.London Institute of Latin American Studies, 2002.Oficina Nacional de Estadisticas (ONE) (1999), Anuario estadistico de Cuba 1998 (Havana).Oficina Nacional de Estadisticas (ONE) (1999a), Anuario estadistico de Cuba 1998 (Havana).Saney. Isaac. Cuba A Revolution in Motion. Ed. Brenda Conroy. London Fernwood, 2004.Snow, Anita. Cubas economic growth slows. Associated Press. 21 December 2002. Academic Universe. 22 Jan. 2005 . Taylor, John. Economics Fourth Edition. Ed. Jean L. Woy. capital of Massachusetts Houghton Mifflin, 2004.