Question
After watching the video on Cubas economy, discuss the following: 1. Can Cuba effectively become a free market economy? 2. Could the US benefit from
1. Can Cuba effectively become a free market economy?
2. Could the US benefit from lifting the embargo on Cuba?
3. What are Cuba’s comparative advantages relative to the US?
4. What impact does the embargo have on Cuba?
5. What do multiple trade theories have to say about Cuba?
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In my perception it is hard for Cuba to be a free market as they have a small labor force population ...Get Instant Access to Expert-Tailored Solutions
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International Business The New Realities
Authors: Tamer Cavusgil, Gary Knight, John Riesenberger
4th edition
134324838, 978-0134324838
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