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.
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.
From their end, Cuba has surprised many around the world for striving against such barriers. “ The main driver of the Cuban economy is agriculture. The country is a major producer of several crops but sugar and tobacco are the big money products. Despite not being able to export their products to the United States Cuba has become a major exporter of agricultural products. There has been an attempt on the part of the Cuban government to diversify their economy and it looks like natural resources will be one way that they can do this. The country has become a major nickel producer and this has quickly become one of their largest exports. There is also the potential for Cuba to become a major oil producer. There are large reserves of oil in the Caribbean that are in Cuba's territorial water. It is very likely that in the near future they will take advantage of these reserves in order to help diversify the economy.”
The new era began, Barack Obama and Raúl Castro announced that the United States of America and Cuba will restore full diplomatic relations for the first time in more than 50 years since severing ties in 1961. Barston 2006, defines diplomatic relations as “the art and practice of conducting negotiations between representatives of states. It usually refers to international diplomacy, the conduct of international relations through the intercession of professional diplomats with regard to issues of peace-making, trade, economics and culture” (p. 1). One of the major areas it will address is the lifting of the Cuban embargo. The embargo restricts trade, travel and communication between the two states which hinders the economic development of Cuba.
The United States is known for being one of the greatest and strongest countries in the world looking at past events and in this day and age. What might strike some people as shocking is that the U.S. would not be as strong without close ties with other countries or allies. Examples would be France, England, and Canada, plus many more. What people don’t talk about is the U.S.’s rivals or countries that the U.S. has had trouble with in the past leading up to now. One of the most renowned countries is only ninety miles away from the southern tip of Florida and that is Cuba. Cuba is known for the fantastic beaches, some of the most well-known baseball players around, and, of course, Cuban cigars and rum. But, the past with Cuba is not as bright as the U.S. wants it to be because of historical events such as the embargo, the Bay of Pigs, and the Cuban missile crisis during World War II that caused the two countries to separate as allies and close tied nations. Over the past year the U.S. and Cuba have been trying to put the past behind them and have diplomatic and cultural relations once again.
Cuba’s colorful history can be documented to before the days of the American Revolution in 1776, but today, American policy directly affects many Cubans’ lifestyles because of a nearly 45-year-old trade embargo that has been placed on the island nation. It is crucial to analyze the development of Cuba and its neighboring island nations in order to discern the reasons for Cuba’s current political situation with the United States. The following paper will discuss the events that shaped Cuba and larger Caribbean nations like Haiti, the Dominican Republic and Jamaica; next, a detailed description of Cuba’s turbulent history will help in explaining the Cuban transformation into a
In 1959, Cubareceived 74 percent of its imports from the US, and the US received 65 percentof Cuba’s exports. On February 3, 1962, the United States imposed a fulltrade embargo on Cuba, completely ending any type of trade between the twocountries. This embargo remains in effect today, more than four decades later,and has grown ! to be a huge center of debate and controversy (DeVarona 8).Opponents to the embargo argue that the embargo does nothing more than hurt theCuban people, while proponents argue that the embargo places pressure on Castroto repair Cuba’s mismanaged and corrupt government. Both the supportersand the opponents of this embargo have strong arguments and evidence to supportthese
On April 11, 2015 President Obama and Raul Castro met to hold the first meeting between Cuba and the United States in 54 years. The countries have announced to begin conversing after tension started during the Cold War. An embargo was placed on the country of Cuba in 1960 and in 1961 an end to all relations. President Obama has been working on rekindling the relationship of this island country. Because the United States lifted the embargo on Cuba the economy on the island will be boosted, there will be a change of correspondence between the United States and Cuba, as well as a reshaped interaction between the government and the people of Cuba.
Supporters of the legislation believe that prohibiting foreign investment will quicken Castro’s downfall. (Close Up Foundation) Many debate on the issue of why the U.S. should or shouldn’t keep the ebargo against Cuba. These debates deal with the effects of the Embargo on Cuba’s economy, humanitarian rights and health of the people of Cuba. The embargo today places a ban on subsidiary trade, Licensing, shipping and humanitarian aid. (Close Up Foundation) In 1992, the Cuban Democracy act imposed a ban on subsidiary trade with Cuba. This ban restricted Cuba’s ability to import medicines and medical supplies from third country sources. There have also been corporate buy-outs and mergers between U.S. and European pharmaceutical companies thus adding to the number of companies permitted to do business with Cuba. Under the Cuban Democracy Act, The U.S. Treasury and Commerce Departments are allowed to license individual sales of medicines and medical supplies, supposedly for humanitarian reasons to make up for the embargo’s impact on health care delivery. According to the U.S. corporate executives, the licensing provisions are so tough as to have had the opposite effect. With this statement, it is assumed that there are fewer licenses given out for humanitarian reason therefore favoring the embargo and aiding in the downfall of health in Cuba. Since 1992, the embargo has prohibited ships from loading or unloading cargo in U.S. ports for 180 days after
The United States’ and Cuba’s relationship has always been very volatile and open to change. Since the early twentieth century, the two countries have been close but separated at the same time. For a country that is as close as it is to the U.S., Cuba couldn’t be has isolated. Now this relationship wasn’t always bad, but do to the policy decisions of both countries they have a rocky relationship. In recent times, the United States has begun rethinking its harsh policy against the small island nation. In this essay, I will explain the history of the embargo, the issues with it, and what the future looks like for both countries. The Cuban Embargo has been ineffective at spreading democracy, solving human rights issues, and has harmed the economy,
Cuba and the United States of America have completely opposite economies. Cuba’s economy is based on the few natural resources that the country owns while the economic system in The United States is capitalist and can be recognized for its noticeable development in agriculture, energy, and other resources that keep the country expanding and provides jobs as well as a good quality of life for its residents. On the other hand, Cuba’s economy, is predominantly poor, to the point where a very huge percent of its population suffers from
When applied to Cuba it can be shown that when they are isolated they do not thrive as much as when they have contact with other countries. Cuba has never been stronger than when it had ties to the Soviet Union. The US does not have formal diplomatic relations with Cuba, and the offer to purchase Cuba from the Spanish Empire has waned. It has intention to maintain an embargo until the reintroduction of capitalism in Cuba. But exports from the US to Cuba in the industries of foods and medical products are permitted. In January 2011, the Obama administration eased specific travel and other restrictions between Cuba and the US. Cuba is the largest island in the Caribbean, with an area of 109,884 square kilometers. Cuba is located in the northern Caribbean where the Caribbean Sea, the Gulf of Mexico, and the Atlantic Ocean meet. It is south of both the U.S. state of Florida and the Bahamas, west of Haiti, and north of Jamaica. Havana is the largest city and capital. Cuba-U.S. relations have developed over centuries to turn from relatively close and cordial relations to today where the U.S. still retains an economic embargo against the small island
In the early 1900’s, Cuba was a stomping ground for many of the rich and famous from the United States. Many famous movies stars and wealthy business entrepreneurs spend their vacations there along with a substantial amount of money. Trade and commerce between the United States and Cuba flowed freely and abundantly. Even with the Dictatorship-like regime of Batista, the countries benefited from the economic trade between them. This was all about to come crashing down as revolts against Batista occurred and Fidel Castro came to power within Cuba.
It’s the first time after 55 years of the campaign of the embargo. Finally, Cuba and the U.S. reopen embassies in each other’s country in 2015. Despite Castro regime has not been improvement its human right, both sides of citizens are expecting the U.S authority repeals its economic embargo from Cuba someday. Besides, under the Cuba DATA Act, congress allows telecommunications and internet firms provide their services in Cuba which are maintained tight censorship of networks. By providing Cubans more internet access to connect with the world, the U.S. authority wishes it would help for giving pressure to the Castro regime.