American Businesses Eye Cuban Opportunities International Business Essay

1451 words - 6 pages

1. Comment on what the U.S. embargo on Cuba meant to the country itself and what it meant to U.S. companies.  What does the recent announcement by President Obama that restrictions would be eased imply for the country?   
In the mid-20th century, the United States government placed a series of trade and travel restrictions against Cuba, collectively called the Cuban Embargo. The purpose of the Cuban Embargo was to fight the spread of communism in the Western Hemisphere, and to inspire Cuba's leaders to become more democratic and respectful of human rights. The Cuban Embargo has been controversial since its inception, but actions by the Obama administration that weakened the ban brought the debate back into the national spotlight.
The U.S. embargo against Cuba is a series of trade and travel restrictions enacted in response to the Cuban Revolution. The 1962 policy was intended to force Cuba into economic isolation and catalyze a popular movement toward overthrowing the Castro government. It is the longest-enduring trade embargo in history.
The economic embargo imposed in 1962 has had devastating effects on the Cuban economy. Trade between the United States and Cuba came to a standstill, and further restrictions added later prohibited companies in other countries from trading with Cuba as well, accelerating Cuba’s economic decline.
From an official Cuban source, the direct economic damages caused to Cuba by the US embargo since its institution would exceed 70 billion dollars. The damages include: I) the loss of earnings due to the obstacles to the development of services and exportations (tourism, air transport, sugar, nickel; II) the losses registered as a result of the geographic reorientation of the commercial flows, (additional costs of freight, stocking and commercialization at the purchasing of the goods); III) the impact of the limitation imposed on the growth of the national production of goods and services (limited access to technologies, lack of access to spare parts and hence early retirement of equipment, forced restructuring of firms, serious difficulties sustained by the sectors of sugar, electricity, transportation, agriculture); IV) the monetary and financial restrictions (impossibility to renegotiate the external debt, interdiction of access to the dollar, unfavorable impact of the variation of the exchange rates on trade, “risk-country”, additional cost of financing due to US opposition to the integration of Cuba into the international financial institutions); V) the pernicious effects of the incentive to emigration, including illegal emigration (loss of human resources and talents generated by the Cuban educational system); VI) social damages affecting the population (concerning food, health, education, culture, sports).
The biggest opening in U.S. relations with Cuba in more than half a century could be a boon for farmers, telecommunications firms and construction suppliers, but any broader economic impact is limited for now by...

Other Essays On American Businesses Eye Cuban Opportunities - International Business - Essay

cuba and mexico revolutions compared - College - essay

2034 words - 9 pages Historical Relevance of Latin American Revolutions Andrew Barnhart Hist 1583 Dr. Herr April 20, 2019 Within Latin America there has been many events in their history that has lead them on the path that they are on today. Some events more than others include the Mexican revolution and the Cuban revolution. Along with these revolutions there are theories that theorists have put in place that describe the many revolutions throughout history

Overall, Castro was a harsh dictatorship. Essay on Castro and Cuban history - Great Neck North High School, World History - Assignment

848 words - 4 pages impacted the rights of women and the economy in Cuba. Before Castro’s rule over Cuba, women’s rights were very limited in which they didn’t has as many job opportunities and were extremely discriminated against. Majority of the older generation had never wanted equal rights for women. Women who had ever worked for the military or any other sort of business, were never allowed any legitimate jobs, they were seen as sex toys or were only allowed

Sanctions as Instruments of US Foreign Policy - university of buckingham - essay

1989 words - 8 pages affected by the sanctions as it loses opportunities to make revenues, particularly through exports. Cuba is one of the largest export markets and by restricting trade with this country denies America the opportunity for Cuba to buy American goods. Not even the introduction of the Trade Sanctions Reform and Export Enhancement Act of 2000 exploited this opportunity. The Act only allowed cash-only sales of American farm products and medical supplies

Research Paper On Why Cuban Embargo shouldn't Be Lifted - Queensborough Community College English 101 - Research Paper

1062 words - 5 pages like pawns only to benefit the people in control. Only until Cuba allows the free opportunity to its entire people shall the Embargo be lifted. But until then all sanctions and bans on Cuban products should stay. Work Cited "Cuba Events of 2015." Human Rights Watch. N.p., n.d. Web. 28 Sept. 2016. Fernandez, Martiza Lugo. "Situation of Women in Cuba’s Prisons." Institute for Cuban & Cuban-American Studies. N.p., Jan. 2003. Web. Gupta, Girish

The Cold War In a Global Porspective - History - Research

1257 words - 6 pages which extended the cold war into the Americas and shortly after Africa and the Middle East, where major confrontations took place. However, we do see that before 1962, there had already been multinational involvement in the Middle East, whereby the conflicts such as the Arab-Israeli war where the globalization of the cold war seemed initiated with the American, Soviet and UN participation. We also noticed that in Congo in 1960 before the Cuban

origins of imperialism in latin america - trent university - research paper

1287 words - 6 pages Cuba occurred and after the War ended in 1898, The victorious United States, on the other hand, emerged from the war a world power with far-flung overseas possessions of former Spanish Territory which included Cuba and Puerto Rico and a new stake in international politics that would soon lead it to play a determining role in the affairs of Europe and the rest of the globe”.[footnoteRef:8] [8: Paterson, Thomas G. "U.S. Intervention in Cuba, 1898: Interpreting the Spanish-American-Cuban-Filipino War." OAH Magazine of History 12, no. 3 (1998): 5-10.]

Why the Cuba embargo should be lifted - Fort Morgan, Speech - Debate Essay

661 words - 3 pages I stand here today to discuss an issue our country has with cuba because of the cuba embargo and more importantly why I feel as though this should be lifted. “Since the 1960s, the United States has imposed an embargo against Cuba, the Communist island nation 90 miles off the coast of Florida. The embargo, known among Cubans as "el bloqueo" or "the blockade," consists of economic sanctions against Cuba and restrictions on Cuban travel and

Histoy modern world revision treaty of Versailles etc - Seconary year 11 - revision document

2331 words - 10 pages Colonel Batista - had been a corrupt and right-wing military dictatorship, but the Americans had many business interests in Cuba. When Castro came to power, however, he nationalised American companies in Cuba. In retaliation, the Americans stopped all aid to Cuba, and all imports of Cuban sugar. This was a blow to Castro as sugar was the mainstay (backbone) of the Cuban economy. Castro was forced to look to the USSR for help, and, in 1960, the

The Marketing Mix A Company Uses Is Likely To Be The Same Regardless Of Witch Country Or Region It Operates In. Discuss

966 words - 4 pages The marketing mix a company uses is likely to be the same regardless of witch country or region it operates in. Discuss.The marketing mix is an effective tool that businesses use to sell their products. As Chambers and Gray described in the Business Studies: "The marketing mix refers to those elements of a firm's marketing strategy which are designed to meet the needs of its customers."(Chambers &Gray, 2008, p72). Marketing mix is consisted

Critical discussion of John Kay’s view of strategy - business management - essay

1604 words - 7 pages highlighted the importance of vision and plan. The essay is aimed to identify the nature of strategy through a critical discussion of John Kay’s view. Kay’s view recognizes the interaction with environment and market, but his view ignores culture and learning that can help businesses deal with turbulent environment. There are many fallacies of the view that strategy is about planning, visioning or forecasting. Kay’s view of strategy identified the

Global Business Plan: Coca-Cola Company - MGMT 302 - Business Plan

3826 words - 16 pages expanding the business in the other regions of the country. Likewise, the risks involving negotiations are primary concerns for the businessmen as well (Liu & Almor, 2016). · Marketing Risks In terms of economy, China is one of the top three countries with the highest GDP ratios. This provides substantial opportunities to international businesses including Coca-Cola to expand its business more in the country because the increasing population of China

Similar Papers

International Business: Nafta, The North American Free Trade Agreement

2358 words - 10 pages Trade Agreement is continuing to play a significant role in creating new opportunities for Mexican businesses. On January 1st 2003, as the North American Free-Trade Agreement enters its tenth year, a new phase of tariff reductions on farm produce will take place. The United States will eliminate tariffs completely on several Mexican items. This moves the two countries a step closer to the point, in 2008, when the last few tariffs on agricultural

Assignment For Business International Freeman Collage Essay

1003 words - 5 pages Why small businesses are outsourcing to South Africa By Louis White 2 May 2018 — 12:15am While our cricketing relationship may have soured with the South Africans, our business dealings seem to be rising with Australian companies increasingly looking for alternative cheap employment options other than the Philippines. “For the past 18 months I have been using South Africans in Cape Town to help me with my business here in Australia,” Peter

The Key To Paul Baumer's Personality School Essay

1226 words - 5 pages American History Name: __________________________ Reading – The Voyage of the St. Louis Bell: _______ The Voyage of the St. Louis Many Holocaust survivors consider the night of November 9-10, 1938, the night of Kristallnacht, to be the true beginning of the Holocaust. Kristallnacht was a rampage led by Nazi SA brown shirts and their supporters that destroyed nearly 7,000 Jewish homes, businesses and synagogues in Germany. Nazis

Haitian Revolution And Latin American Revolution His Essay

4793 words - 20 pages in scope · Created the Cuban solidarity movement based on the principles of emancipatory internatiolism 1. Mobilized and organize petitions trying to pass solutions to Congress and to the president, Ulysis S Grant · Not without fault hints of paternalism · Movement deteriorated during the period of Reconstruction with the onslaught of anti-black violence and voter suppression which eroded American political power. · The US occupation of Cuba