Cuba is an outlier in Latin America. Up to 1959 it followed a pattern not dissimilar to other countries in Central America and the Caribbean. The economy and State was controlled by a narrow European descended elite aligned with US economic and strategic interests and there was a large native and African descended underclass. The Castro revolution in 1959 was widely popular at first since it promised to enfranchise the downtrodden majority and was looked upon as model for other countries in the region.
However, the Cold War and Castro’s alignment with the East Block resulted in a complete rupture with the US which was eager to protect it’s backyard. There followed, then, several decades during which Cuba was embargoed by the West and traded on favoured terms with Eastern Europe.
This period ended with the collapse of the Soviet Union in 1991 and the Cuba economy suffered a severe contraction in the early 1990's. Since then it has normalised tourism and trade relations with Canada and the EU but the US has been much slower to lift the embargo. Now US residents can travel freely to Cuba but trading and tourism relations are still far from normal.
Cuba’s exports are mostly based on primary products and it also earns foreign currency from tourism. Given the importance of geography to trade it is difficult to see how it can advance further industrially without complete normalisation with the US.
Contents
Introduction
The Modern Period
The Current Era
The Modern State
Economics from the Ground Up
Political Systems
Trade Theory
The EU as a Model of Integration
Industrialisation
Synopsis
Data
World GDP 2018
World GDP PPP 2018
GDP per capita ppp 2018
Exports & Imports 2018
Container Traffic 2010 & 2018
Oil Production 2018
Migrant Remittances 2018
Tourism Statistics 2017
Tourism Americas 2017
Latin America
Background
The US and Latin America
Economy
The EU and Latin America
Mercosur
World Exports 2000-2018
Cuba
Introduction
Castro Takeover
Economy
Tourism & Exports
Charts & Chart Commentary
Sources
63 pages
Cuba 2020
- Product Code: ISSN 2014-5063 (2020) No 7
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