The Economy As A Whole Has A General Unemployment Ration Of 4.3 % Out Of A Labor Force

The more Americans employed means we as a nation are experiencing economic growth. However, if there is a high unemployment rate this interprets that more Americans are struggling in our economy. There are several types and reason for high unemployment. Though America’s unemployment rate was 5.6%, as of December 2014, every state’s unemployment rate varies for different reasons. America’s unemployment rate has a direct negative impact on our entire nation’s economy and affects individual firms, organizations, and people.

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.

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.

One of the downfalls resulting from the Great Recession is the unemployment rate. Approximately 14 million Americans remained unemployed and about half of them were unemployed for over six months. Of that 14 million, 11.3 million of them were barely working, and if they were employed it was mainly part time jobs. Some felt that it would take over a decade to get unemployment rates back to 5%. With unemployment rates raising it also can affect the education of our nation and the future of our nation. The children's education is affected because a lot of them are switching schools and districts due to their unstable conditions at home. More and more parents are out of jobs which makes it hard for them to support their children financially in

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

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.”

Canadian companies have committed with business in Cuba, and it was successful. It is a relief due to the fact that Canada did not have to compete with U.S. counterparts. Two-way trade amounts come up to more than $1 billion each year, while Canadian companies still have a sizeable presence in the island country’s mining, oil and gas, agricultural and tourism industries. But Canada might not have had any role at all if it weren’t for its unique relationship with the two adversaries, particularly Cuba.

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

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.

Cuba had to evolve their economy because the Soviet Union had been such a huge part of it that when it was demolished, they were left with practically nothing. Cuba lost a third of its imports in a period of four years, as well as three-quarters of their trade, sending their economy into extreme crisis. Since Cuba’s leader, Fidel Castro, was not well liked around the world they had very few options in terms of foreign relations. Castro was a force to be reckoned with, the Soviet Union could not control him, and he often denied Soviet ideas. In the end, the soviet union sometimes felt that Castro was the one leading them. The relationship that Cuba had with Russia was imperative to their success because they had the upper hand. Since Castro had become isolated in relations with the western hemisphere he joined forces with Russia and the soviet union as they provided help in the military and economy. Now with the USSR gone, Cuba was left isolated and in need of desperate help. The Cuban people recognized their situation and began to value their currency more. Children growing up during the time of economic reform had learned to practice their own methods by renting their toys and videos to

In the aftermath of the Cuban Revolution, the United States’s all-encompassing trade embargo on the developing nation led to a reliance on the Soviet Union to prop up the unstable economy, which ultimately collapsed after the fall of the Soviet Union in 1991, negatively impacting the growth of the nation as a whole. As an example, when the United States ceased the purchase of Cuban sugar, the Soviet Union became the nation’s new trading partner, with a total of 2.7 million tons of sugar exported to the U.S.S.R. in 1960 (Prevost 23). In the following two and a half decades,

The Cuban government continues to repress dissent and deject public criticism. Due to its poor record on Human Rights, Cuba is under the inspection of Human Rights Watch. Regarding to the Human Rights, human trafficking is the first issue in Cuba because it is one of source countries for forced labor and sex trafficking. Cuban laws do not appear to penalize the prostitution of children approximately between the ages of 16 to 18. Due to the closed nature of the government and scarce non-governmental informing, the scope of trafficking within Cuba is predominantly difficult to evaluate. Cuba does not completely fulfill with the minimum criteria for the eradication of trafficking and is not making any effort to do so. Consequently, it is placed into tier three. The government only provided information about its general approach to prevent human trafficking, but has not shared information in order to address human trafficking through prosecution, protection, or prevention efforts. Drug trafficking issue is less concern because Cuba has a serious law about it. Economy and health come hand in hand since they are relying on each other. Apparently, Cuba’s main resource to engage in the world is no longer sugar cane. Cuba’s current principal source of revenue is the export of healthcare services to countries such as Venezuela and Brazil. By having decent healthcare services, the health subject is the very least

With a GPD of $135.7 billion (2014 est.), The República Dominicana’s economy is in a very strange shape. Originally based on sugar and other commodity export (coffee, cocoa, tobacco), though when prices went low through most of the 1980s and early 1990s, the Dominican Republic resolved to diversify its economic base. With the introductions of New Trade Zones, manufacturing has boosted to manufacturing sector to 17% of GDP by the year 1996.

Throughout this paper, I will be striving to answer the question of What I need to know before conducting business with Cuba, or starting a business in Cuba. Cuba is a totalitarian communist country whose leader is Raul Castro, and the country is in extreme need of all types of products and services from other countries, therefore, Cuba decided to