At the beginning of the last century, Cuba was a country with a promising future. The island's economy was growing exponentially thanks to the export of its star product, sugar. The island's beaches used to attract tens of thousands of U.S. tourists, who, due to its proximity, visited the island frequently. It was also the time when the sale of liquor was prohibited in the United States, which became an additional reason to travel to Cuba. As the tourist dollars began to pour in, new Ford cars, luxury hotels and modern infrastructure abounded in the capital city of Havana. In fact, Cuba seemed to be on its way to being a middle to high income country, for example, by 1950, Cuba had per capita incomes similar to Panama and higher than Brazil. However, today, most Cubans live in extreme economic hardship. It is estimated that 72-90% of Cubans live in poverty. Now, the questions are: What were the decisions that forever changed the Cuban economy? And, why is the U.S. embargo not the reason for their poverty?
Music:
Whatdafunk by Audionautix is licensed Creative Commons Attribution (creativecommons.org/licenses/...)
Artist: audionautix.com/
#economíaydesarrollo #cuba #fidelcastro
Негізгі бет How FIDEL CASTRO destroyed CUBA's economy
Пікірлер: 8 М.