U.S- Cuban Trade: When Does a Cold War Strategy Become a Cold War Relic?
2424 Words10 Pages
Project: U.S- Cuban Trade: When does a Cold War Strategy Become a Cold War Relic?
Able to weather a variety of political leaders, economic events, and historical eras, the U.S. embargo of Cuba is the longest and harshest embargo by one state against another in modern history. Following Castro’s overthrow of the Batista government in 1959 and threats to incite revolutions elsewhere in Latin America, the Unites State cancelled its trade agreement to buy Cuban sugar. Then, following a series of increasing hostile events, the United States severed diplomatic relations and initiated a full trade embargo in 1962. Trade between the United States and Cuba stopped. Spurred by the collapse of communism more than thirty years later, Congress…show more content… The governing strategy executes inhumane rules and regulations that has caused difficulties and anguish among its citizens and has caused families to have fewer interactions and fewer relationships with other citizens.
The embargo has constrained the crossing of the borders for Cuban citizens, the exiles of Cuba and the businesses, its subsidiary to not be able to do their business in Cuba without facing penalties. This embargo has forbid the Cuban citizens’ contact to consumer goods that the United States presented. Cuba’s expansion of its infrastructure has also been limited therefore the country continues to be a poor country.
Trade helps in business growth and it helps the economy of the country as the different business enterprises can learn from other businesses’ ideas and would help in the growth of the enterprises with its global competitiveness. The embargo may have been effective in the times of Cold war but in the modern times it is perceived as useless especially for the Cuban-American families and business enterprises that are looking for opportunities in Cuba.
Devoid of the Cuban embargo the two countries will be able to enjoy economic growth and there will be an abundant circulation of cash between the two countries. Upon the removal of the embargo there will be more business opportunities and better advantages for the trade to open for the two countries. With its