Cub A Long Time

Cash is not abundant in Cuba, especially for the poor to middle class families. An example of this would help move “product” from point a to b and in return, the employers can provide your family with food for a month.Government officials will often times take kickbacks for awarding large contracts to foreign companies . In return get money back from the investment in the company.

Secondly, Cubaneeds to repair its corrupt, failing state-run economy. The reality of thisstruggling economy is that Cuba’s resources are plenty, and its

economic growth comes from agriculture and exports to and from Europe. Since America has had an embargo on Cuba since 1962 neither countries trade with each other because of many disagreements about governing techniques and Fidel's unwillingness to comply with U.S. instructions. Cuba’s long history and culture has contributed to many economic and social growth through out the world, but Cuba is still struggling to try to stable their economy.

Cuba has been the source of controversy for decades. Between events such as the Bay of Pigs invasion and the Cuban Missile Crisis in the 1960s and the country’s ongoing Communist dictatorship, this island nation has not always been thought of as an appealing place to visit. However, Cuba’s physical and human geography, especially when coupled with the lifting of the US embargo, give it the potential to be a prime tourism destination.

Goods or services of Cuban origin may not be imported into the United States either directly or through third countries” (2001) . According to the Cuba Policy Foundation, the United States loses up to $4.84 billion annually in trade and exports alone (Pepper 2009) . The amount of money being disregarded because of now defunct reasons is radically lacking in logic. A simple repealing of the embargo would bring both the United States and Cuba great economic success.

“Raw sugar accounts for one quarter of Cuba’s export less than half a billion dollars” (The Economic Impact of Better US-Cuba Relations, 2015). Ending the embargo “Cuban exports can go from $0 to 5.8 billion” (US Cuba Embargo Pros and Cons: Renewed Relations Sets Caps and Limited Success for Businesses). Both economics can benefit massively from lifting the trade embargo this is because one of the most imperative exports of the Cuban economy is nickel. Nickel a mineral used in many industrial processes such as the creation of stainless steel, it can be a major use to the United States economy because it imports around 43% of nickel from the rest of the world therefore Cuba could benefit by entering the United States market. Cuba’s major import is refined petroleum which the United States is one of the largest producers of, the Cuban economy also imports wheat corn, meat, milk and soybeans which the United States also produces. Additionally, Cuba also exports rum and tobacco(cigars) which are said to be legendary in the United States. With the lifting of the embargo these products can be exported to the United States because Americans loves these clichés also, these exports can lead to a major enhancement in the Cuban economy because trade increases sales and profits, strengthen local competitiveness and diversification. Together the countries will be able to trade mutually and exchange

International trade is really important to any continent that needs food and there things that they can't grow. Cuba trades with Brazil, Canada, China, Germany, Italy, Mexico, Russia, Spain, and Venezuela (Miric).Cuba trades with different 9 countries

It also says that shops will have a large range of products, however there are still large shortages of food. Rations are sometimes not even guaranteed to be delivered and if they are they will be very late. In 1991 the grain supply to Cuba from the Soviet Union since it collapsed which also caused the cattle to not be able to be fed. Since they could not feed the cattle all of the products and bi-products were very rare like the milk, beef, and eggs and chicken. Since a lot of the fuel was in a shortage the crops had to be harvested by people which made the production of food slow to crawl. They have improved the production but the shortage is still very common and no they are starting to resort to non-rationed stores and even the black market. The actual food/cuisines of Cuba come from many cultures like the Spanish, Africans and Caribbean, One very small part but slight influence is from the Chinese also. Some of the most popular foods include varieties of meat and rice with black beans. The traditional type of Cuban food can also be called criollo. Some of the most common spices and seasonings used are things like garlic and onion and common ingredients are things like lettuce, pork, eggs and tomatoes and more. One product of Cuba is also Coffee which is normally sold to other places and the coffee that Cubans normally drink are from places like

It may seem that they don't make much money. Their prices in Cuba for things are far less than what we have here in the U.S. Like a bottle of coke is a dollar and twenty-two cents in Cuba and in the United States it is a dollar and seventy-five cents. Womens life expectancy in Cuba is 80 years old. Men's life expectancy in Cuba is 70 years old. Kids are required to go to school at least till high school. Uniforms are required at every school and they were different colors for each grade. The literacy rate in Cuba was 99% .Education is free to anyone all the way through the university level. They want everyone to have a chance to learn because most of them would not be able to afford to go to school or college.

Cuba is located in Central America and the Caribbean. The type of government Cuba has is a communist government, so the government plans and controls the economy. The top three exports for Cuba are NESOI items, pharmaceuticals, and tobacco. The top three imports are machinery, fuel, and tobacco. Cuba's GDP goes up about 3% annually and overall, Cuba's government is steadily increasing each year. The population in Cuba is 11,027,000. Cuba’s health per capita is roughly $1,828. Cuba is a multi-ethnic nation, home to people of different ethnic and national backgrounds. The majority of Cubans descend from spaniards.

Furthermore, U.S Credit and Debit cards do not currently work in Cuba. However, MasterCard and Visa are widely accepted at hotels, car-rental agencies, restaurants, and shops, with the condition that they cannot be issued by a United States bank or financial institution. It is always best to check with your home bank before traveling to see if your card will work in Cuba. Or remember to bring enough cash with you to last you your whole trip. U.S. Dollars can be exchanged into Cuban convertible currency at the airport, hotels, or exchange houses. There is usually a 10% charge on exchanging U.S.

As the largest country in the Caribbean, the opportunities for Cuba to burst onto the global business stage are certainly promising. However, in order to effectively deal with an emerging economy, such as Cuba, one must first dig deeper into the foundations of this country to better understand the makeup of the country itself. While many understand Cuba’s divisive history, few have truly ventured into grasping the makeup of the island itself. Located about ninety miles south of Key West, the Republic of Cuba is a country with a population just above 11 million people. With over 60% of the land being devoted to agriculture, population is dense in urban areas, specifically the capital city of Havana with 77.3% of people occupying these areas7.

Cuba had partaken in globalization through its interactions with the USSR and the US. Cuba was a developing country and needed support to eventually be able to rely on itself. After the collapse of the USSR, Cuba was one of the only socialist

The previous trend involved Cuba’s commitment to a centralized command economy dependent upon Soviet imports, which caused Cuba’s economy to stagnate frequently between the 1960s-2000s. Such mishaps revealed the consequences of limiting privatization and stifling diversification of industries while maintaining a relatively insulated economic

This is important to consider when thinking of doing business with that country and from my point of view is not desirable at this time until the relationship between United States and Cuba are fully and officially defined.