Therein lies an irony: the tough sanctions that are intended to force change in Cuba actually prevent Cuba from changing. As Cuba is on the verge of a major and inevitable transition, it needs to change its economic model. Yet, that is precisely what the embargo does not allow. Cuba cannot embrace the markets and implement needed macroeconomic reforms when faced with the onerous sanctions of the embargo. It is precluded from accessing international financial institutions, and barred from its most logical market.
Posted on: Mon, 12 Jan 2015 06:42:36 +0000
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