In the second half of the 20th century, the economy of Cuba constantly experienced upheavals. The economy was most negatively affected by the US embargo against Cuba, which is why it had to adjust the economy and economic sectors. Adaptations have been limited as there are few opportunities to exploit natural resources in Cuba. They successfully connected with the Soviet Union, which enabled Cuba to have a more stable economy and income.
The thesis is based on the analysis of Cuba during the rule of Fidel Castro, its economic dependence on other countries, especially the Soviet Union, and their reactions to the decisions of the Cuban government.
All findings are summarized from domestic and foreign literature and online sources. The most important events are described in chronological order.
While researching the topic under discussion, I found that Cuba's economic cooperation with the Soviet Union helped to maintain Cuba as a sovereign country with a sufficient level of income and social security. A large part of the budget was earmarked for achieving equality between people, healthcare and education. In the period after the Cuban Revolution, Cuba was a leader in the level of education. They had the lowest mortality and the longest life expectancy. They encouraged industrialization, but Cuba was under the US embargo, and at the same time they lost many engineers who fled abroad due to political pressure, which slowed down the process. They were saved by cooperation with the Soviet Union, which prevented the collapse of the economy. According to unofficial data, the Soviet Union gave Cuba several billion dollars during the period of cooperation. Communist-minded cadres, unnecessary loans and foreign military interventions were mainly to blame for the economic failures.
|
