The Cuban Economy

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.

Since the reform and opening up, the economy of China grows significantly, as an emerging economy, China's economy has made tremendous contributions to the global economy, and Renminbi has become one of the most important currency in the world. According to the survey conducted by China National Bureau of Statistics found that from 1979 to 2012, China has attained an annual average growth rate of 9.8% for its national economy, while the annual average growth of the world economy is only 2.8 % during the same period. In past 30 years, China's GDP surpassed Japan’s, China became the world 's second largest economy, in addition, the huge total volume of trade makes China become the world 's largest trading nation. The contribution of China’s

In 2016 Cuba’s economy was a bit indecisive, the first half of 2016 Cuba’s economy collapsed 0.9% while during the last half of 2016 Cuba’s economy ascended 1% (Chase, 2017). Not only does Cuba have a bit of an indecisive economy their economy also seeks reliability from other countries such as the Soviet Union along with Venezuela. For three decades Cuba stayed dependent on the annual subsidies delivered by the Soviet Union. When all subsidies ceased from the Soviet Union in 1991 Cuba’s economy plummeted. Then history later repeated itself with Venezuela as their economy fell and left Cuba’s economy once again in laboriously hard times (Chase, 2017). But everything soon changed for Cuba’s economy once President Barack Obama opened the doors between the United States and Cuba. As of 2017 Cuba’s economy flipped around with the notable increase of U.S. tourist just from 2016. Cuba’s economy has come an astronomical way in twenty-six years, they found their way making it up to the second most popular place to visit throughout the Caribbean’s (Chase, 2017). With the amount of tourist that come to Cuba provides support and cushion on a good feeling of conducting business in Cuba.

The Cuba Policy came into effect to end all relations between the United States and Cuba. The U.S. policy toward Cuba is controlled by the embargo, which contains economic agreements and restrictions on travel to Cuba. The effect of this policy is to minimize commercial, political and resident relations between the United States and Cuba. The State Department indicated that the purpose of the embargo was to have a nonviolent transition to a secure, democratic form of government and respect for human rights in Cuba.

“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

Instead of hunter-gatherers who weren’t very productive, people became farmers (García, The Colonial Era). The development of agriculture was very important to the development of Cubans because before the Cubans did not have enough food to support people working in other professions like metalworkers (García, The Colonial Era). Not being able to have many other professions in a tribe was the reason why many of the tribes did not have complex cities or towns. The conquistadors discovered tobacco, a cash crop, which started a new trend in Europe and created a high demand for Cuban tobacco, which helped the Cuban and Spanish economy (García, The Colonial Era). Another cash crop that was harvested in Cuba because of the Spanish was sugar. As soon as sugar arrived in Europe, it was in high demand for Cuban farmers (García, The Colonial Era). Cuba was also used as a rest stop to house passengers and crews of ships while their ships would be repaired by the townspeople (García, The Colonial Era). It was very helpful for Spain as it allowed them to get to Mexico safer and easier (García, The Colonial Era). It also created jobs for Cubans (García, The Colonial Era). Slavery was also introduced to Cuba (García, The Colonial Era). It added all of the economic activities and created a more prosperous economy (García, The Colonial

Current events in Cuba have caught a lot of attention, as we witness a historical shift in

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.”

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

The involvement in Cuba and the Phillipinnes had many differences. Before the war began the Teller Amendment was passed guarenteeing Cuba thier independence, but the Phillipinnes didn't have anything from the America which guarenteed their independence. During the war American involvement helped both Cuba and the Philippinnes fight Spain, but after the war neither was involved in the Treaty of Paris. After the war, in the Phillipinnes, American soldiers came in believing they were going to teach the Filipinos. Many of the American soldiers treated the Filipinos like blacks. This did not occur in Cuba, where America did not believe they needed the education for self government. Also after the war Filipinos were brutally killed and towns

The economies of Cuba and Puerto Rico are very similar during the 16th, 17th, and 18th centuries. As Spain colonized these two islands in the 16th century under the idea that gold was abundant. Thus in turn the islands became a safe port for Spain and her vessels. It also set out to be a huge migration from the Spain to the islands, because everyone was set to search for gold. . This turned out to be short lived as the mining of gold peaked in 1517 till 1819. By Spain using Cuba and Puerto Rico for mining gold they needed slave laborers as the local Indians. The Indians soon became unsatisfied with their new conditions of living, they became hostile and many not able to cope with being slaves committed suicide and genocide. By 1540 – 1550

Perhaps the most well known aspect of Cuba is its government. Cuba is socialist republic that is controlled by the Cuban Communist Party, which is currently headed by Raul Castro12. The head of the communist party is responsible for selecting twenty-five individuals to lead the programs. This group then creates organizations that encompass every demographic of Cuban society, over 80% of the Cuba’s population is a member of one of these groups and, in turn, these organizations allow Cuba to spread Communist rhetoric more quickly27. Encompassing the rest of the Executive branch is a Council of Ministers and Council of State. The Council of Ministers is basically Cuba’s cabinet, which has the basic task of implementing policy created by the National

Cuban Government introduced changes to improve the condition of the entire population, especially to change the life of women and children. Throughout the 1990s “special period” in Cuba for-profit sex was apparently part of people’s lives in many diverse circumstances. “The 1990s was called the age of prostitution in Cuba, the early revolutionary period which sex was portrayed as immoral, unhealthy and discriminatory against women” (Hamilton, 2012, p. 26). Earlier in the 1960s, the Cuban government renewed the goals to support women and to continue improving the situation for women on the islands. Prostitution is recognized in Cuba as jineterismo since the 1990s until recently, today, there is a possibility that the number of jineteras has evolved.

Sugarcane is Cuba's most vital crop; grown throughout the island, but mainly in the eastern half. However, the government regulates sugar production and prices. The second most important crop is Tobacco, grown on small farms requiring intensive cultivation. Cuba also uses the land to grow oranges, lemons and limes, grapefruit, rice, plantains, bananas