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Castro’s Screw Up And Cuba's Economic Crisis
Part 1 of Paper
....tin 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 was Cuba's dominant trading partner, accounting for 67% of Cuban exports and 70% of the island's imports. Tourism was an.... Part 2 of Paper
....Cuba's revolutionary leaders had intended to pursue a policy of economic diversification, they quickly had to abandon this approach. Instead, the government emphasized increased sugar production to garner essential foreign exchange earnings and Soviet subsidies. Sugar products represented 80% of Cuba's exports between 1920 and 1959 and amounted to 82% of total exports by 1986. Some 78% of Cuba's sugar production went to the former Soviet Union in barter trade with one percent kept for the domest.... |
| Number of words: 1965 - Approximate pages: 8 |
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