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Castro’s Screw Up And Cuba's Economic Crisis
Beginning of essay
Before Fidel Castro took power on January 1, 1959, Cuba ranked third in per capita income among Latin American nations, behind Argentina and Venezuela. The island's economy was agriculturally based, with sugar, tobacco and citrus as the principal crops. Before Castro's takeover, the United States ....
Middle of essay
....ugar production went to the former Soviet Union in barter trade with one percent kept for the domestic market and the remainder sold for hard currency on the world market. Bad idea!
Today Cuba is an anachronism, a small island of socialism in a hemisphere that has largely abandoned state-dominated economics, adopting market-based democracy as its path to prosperity, and is beginning to enjoy the fruits of investment and growth stemming from this transition. Still, Cuba remains one of the last ba.... |
| Number of words: 1965 |
Approximate pages: 8 |
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