Showing posts with label Cuba. Show all posts
Showing posts with label Cuba. Show all posts

Thursday, December 11, 2008

Question?

This week's New York Times magazine section has an interesting article about Cuba, titled "The End of the End of the Revolution". It quotes an official with the Cuban Ministry of Economics discussing Cuba's economic successes and failures:

"Álvarez reeled off some numbers. There were 6,000 doctors in Cuba at the time of the revolution; there are now close to 80,000 for a population of 11.3 million, one of the highest per-capita rates in the world. The U.S. embargo has cost Cuba about $200 billion in real terms. When the Berlin Wall crumbled, 80 percent of Cuba’s international trade was with Soviet-bloc countries. About 98 percent of oil came from them. Back to the Communist bloc states, at inflated prices, went Cuba’s sugar and rum.

'We’ve had to reinsert ourselves in the global economy twice in 30 years, once in 1960 and again in 1990,' Álvarez said."
If capitalism and globalization lead to the exploitation of the developing world, then the US embargo should be viewed as a positive for Cuba, right?.

If trade impoverishes developing countries then how could lack of trade also impoverish developing countries?