Cuba vs. the United States

Paper Summary:

This paper examines how few policies have received as much domestic and international reproach as the United States' embargo against Cuba. It looks at how instituted over the last four decades, the blockade was originally established due to a perceived threat on U.S. national security and how reasons for this included Cuba's expropriation of U.S. property following the 1959 revolution led by Fidel Castro, their alliance with the Soviet Union and their support for armed revolutionary forces in Latin America and Africa. It explores business opportunities in Cuba, the effect of the embargo on U.S. firms and detailed arguments in favour of both maintaining and dissolving the embargo.

Outline
Background
Business Opportunities in Cuba
Biotechnology
Small Businesses
Effect of the Embargo on U.S. Firms
Issues for U.S. Firms upon Lifting the Embargo
Arguments for Maintaining the Embargo
Arguments for Dissolving the Embargo
Economic Tribulations
Social Tribulations
Opinion
Appendix A - Cuba Country Report
Selected Historical Facts

From the Paper:

"American action in the form of the embargo against Cuba has not been effective since its inception, and there is no rationale other than saving face by maintaining the long-term grudge against the island nation. Americans will not admit that the embargo has been ineffective in controlling Castro; they will certainly deny the fact that the embargo has given Castro an "excuse" for Cuba's high poverty rate. It would be in the U.S.'s best interest to remove the embargo and allow free trade with Cuba. The laissez faire principle of economics dictates that free markets will ultimately take over, ensuring that any inherent corruption will ultimately be eliminated. Furthermore, Castro is not immune to the forces of ageing."

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