The road to democracy

Cuba first began to feel the impact of the US sanctions when the Soviet Union collapsed and was unable to continue its massive subsidization of the Cuban economy. That jolt, coupled with the ban on US subsidiary trade with Cuba in the 1992 Cuban Democracy Act, sent the Cuban economy spiraling into w...

Full description

Saved in:
Bibliographic Details
Published in:Harvard international review 1998-10, Vol.20 (4), p.30
Main Author: Menendez, Robert
Format: Article
Language:English
Subjects:
Business community
Democracy
Economic conditions
Economic impact
Economic policy
Embargoes & blockades
Foreign aid
Foreign policy
GDP
Gross Domestic Product
Hispanic Americans
Human rights
Humanitarianism
International relations
International trade
Legislation
Papal visits
Political activism
Political dissent
Political persecution
Sanctions
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:Cuba first began to feel the impact of the US sanctions when the Soviet Union collapsed and was unable to continue its massive subsidization of the Cuban economy. That jolt, coupled with the ban on US subsidiary trade with Cuba in the 1992 Cuban Democracy Act, sent the Cuban economy spiraling into what Fidel Castro terms the "Special Period." The 1996 Helms-Burton Act further tightened the economic noose around Castro's failing economic policy. These successive economic blows have irreparably damaged the Cuban economy. According to Vice President Carlos Lage, Cuban's gross domestic product is expected to expand by only 2.5% this year compared with 7.8% in 1996.
ISSN:0739-1854
2374-6564