Today, many wonder how the Cuban economy, which has suffered from a half-century trade blockade, continues to not only survive, but grow. At first glance, the economic situation of Cuba is akin to a peeling old Havana, on the territory of which the monuments of world architecture have an unsightly appearance. However, it is not. The economic history of Cuba has reflected all the political events through which it has passed. The wide-ranging trade embargo imposed by the United States of America in the 1960s forced a drastic change in trading partners. Increasing dependence on Soviet purchases of local sugar. Attempts to get away from the mono-production of exports. In the early 1990s, there was a break in economic ties. Implementing Moderate Market Reforms. Unexpected energy assistance from Venezuela. World financial crisis. All of the above formed the economic system of the country that exists today. She has a number of specific features. The economy of Liberty Island is almost entirely state-owned. There are two currencies in circulation in Cuba: the peso and the convertible peso. They have different purchasing power.
Author’s comment: Yes… This beautiful country has a difficult past: war, communism, embargo and more. Their apartments are generally terrible, which you can’t even buy and sell, not to mention the sale of apartments in Voronezh, there is no sensible food, some people are all incomprehensible, but their oceans are gorgeous. Mother nature rewarded them with huge resources for a happy life with nature.
Fidel Castro’s successor Raul Castro becomes head of state with a global welfare system. About one billion euros is spent annually on worker canteens and food distribution. An impressive control apparatus was created for the functioning of this system. More recently, the Cuban leadership planned to carry out serious reforms in the economy, but the global economic crisis prevented the implementation of these plans. First of all, the Cuban government wanted to reform the consumer and agricultural sectors.