Cuban Trade Sanctions And Effe

United States-Cuba Relations and the Economies
Economic sanctions can be and are a valuable tool for enforcing international norms and protecting our national interests. The U.S. Policy of applying economic pressure in Cuba originated soon after Fidel Castro came into power in 1959. The United States first imposed a full trade embargo on Cuba on February 3, 1962, after the Kennedy Administration became convinced that Castro was moving rapidly toward the establishment of a totalitarian regime in alliance with the Soviet Union. Castro had not only confiscated U.S. and other Cuban and foreign-owned properties on the island, but had been providing indiscriminate support for violent ...

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bills regarding trade with Cuba, and it has encountered much opposition and controversy both in the United States and abroad. Only recently was the news media ban in Cuba lifted allowing American journalists to get news from within Cuba. Health care in Cuba is also a major concern and is strongly affected by the Cuban Embargo.
Our policy on Cuba is illustrative of one of the principal goals of economic sanctions—to encourage our friends and allies to adopt policies that can advance our common interests. Our allies and trading partners disagree with our embargo and have urged us to alter the provisions of the Libertad Act, also known as the Helms-Burton Act named after its principal sponsors.
Cuba’s economy is in complete disarray as a direct result of Castro’s insistence on adhering to a discredited economic model—that of communism. The impact of the U.S. embargo was offset during the Cold War years by five to six billion dollars in subsidies a year from Russia. The ...

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make it legal for Cubans to possess U.S. dollars. Since then, it has become the major currency. Failure by the communists to launch major economic reforms has fostered the development of a large black market and vividly growing corruption. Those with access to dollars can purchase imported goods at government-run dollar stores. To earn dollar tips, many skilled persons, such as doctors, teachers, engineers, and scientists are working in more remedial jobs in restaurants or as taxi drivers. Nevertheless, the Cuban government has not employed any credible effort to adopt market-based policies and continues to keep tight control over the highly centralized economy. Over 80% of the work ...

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Cuban Trade Sanctions And Effe. (2008, May 27). Retrieved January 21, 2019, from
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"Cuban Trade Sanctions And Effe." May 27, 2008. Accessed January 21, 2019.
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Added: 5/27/2008 03:31:11 PM
Category: World History
Type: Premium Paper
Words: 2955
Pages: 11

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