The small island nation of Cuba has been the site of socialist revolution for the second half of the 20th century. The revolution aimed at granting equal access to nation’s resources to all its people and ambitiously marched to produce a just society free from class, race and gender differences. Its alliance with the communist super power of Soviet Union was not appreciated by its immediate neighbor and Soviet’s rival, the capitalist super power of United States. US reacted by placing a trade embargo on Cuba, a policy which severely affected its market prospects. As a result ...
Essays on Cuban Economy
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Tourism and the Cuban Economy
I. Introduction and Background Worldwide, the tourism industry has always had a sufficient importance for every state’s economy. Still, this influence can reveal less or more weighty depending on how the tourism sector is conducted by a particular country in toto. Considering the given north Caribbean state, it seems worthwhile saying that the socialist society’s impact on Cuba’s economy has been more than just significant. In the last few decades, Cuba’s tourism has had a tendency to decline. This phenomenon has taken place due to the Cuban economic recession, superfluous internal economic limits, and, without ...
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