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Cuban Economy Vs Chilean Economy

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Economics plays a central role in the development, culture, and lifestyle of a country. As countries build stronger economies, they grow in many other aspects of life and gain greater influence in the world’s economy. A country’s economy is influenced in many ways including wars, governments, population pyramids, and many other things. The economies of Cuba and Chile are in very different places and have developed in different ways and at different paces during the last few decades, but there are certain factors that have impacted both of their economies including the way they gained their sovereignty, the governmental styles and policies, and the trade procedures in each country. As a quick overview, Cuba’s economy is not very stable right …show more content…

In 1970, Salvador Allende was elected as the President of Chile and he was a proponent of socialism. He was allies with Fidel Castro, and Castro tried to implement some of his ideas into Chile. Before Allende was made President, Chile had a mostly free-market economy and it had been growing steadily, which we will examine later. But as soon as he was elected President, the economy steadily started tanking until he was forcefully removed from office, and free-marked ideals were put back in place. As is seen in most examples in world history, socialism does not benefit a country’s economy in the long …show more content…

Trade is very influential in the growth and development of a country because of a principle called comparative advantage. Some people think that trade can be bad, because it isn’t being self-sufficient. But often, a specific country or region of the world is far better at making a certain good than other parts of the world, so they should manufacture that good, and trade it for things they aren’t as good at producing. For example, Cuba is not a great place to grow a lot of foods, but they are great at producing sugar cane. If they grow mainly sugar cane, and trade that to another country who is great at manufacturing corn, both countries will benefit. That is why trade is such an important part of a country’s

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For any country that wants to survive in the toughest of times, they need to have good trading capabilities. Very few countries are able to sustain themselves without indulging in intensive trade with other countries. Trading has been considered a good thing in the past, but with the changing world, there are doubts about the benefits of trading. There are some factors that lead to the development of trade networks between countries. When people started to settle in larger towns, the idea that you had to produce absolutely everything for survival, began to fade.

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Trade is something that is essential to make a colony successful and is also something that can destroy a colony. Trade is seen as an amazing thing and that it provides colonies with the essentials the people need. Also trade has been seen to bring colonies and people together as well. Trade has many good effects but trade has a few bad effects. One bad effect of trade is trading the wring good.

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Benjamin Franklin said, “No nation was ever ruined by trade.” During the early modern era, technological advancements in shipbuilding and increased knowledge on wind and current patterns made global trading possible. The increased flow of trade in the 1300s through 1800s created important social relations and economic opportunities due to the increased integration of foreign people and desire to be wealthiest and most powerful, while improving government, culture, and ideas in the modern world. Global trading increased the spread of people, which also increased the spread of religion and culture.

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Suggesting that policing the Latin American countries were motivated by economic and trade to help America grow. This can also been seen in Cuba with US “was empowered to retain 55 percent of custom receipts for the purpose of debt service.[1] This shows the business that were gaining by having Cuba “policed” by

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392 Words | 2 Pages

Mexico and Cuba underwent major revolutions led by rebels who opposed their current presidents. The revolutionaries in both countries were mainly concerned with the industrialization and modernization that was occurring within their countries. The uprisings resulted in the countries shared beliefs against foreign imperialism, against elites having so much control on their counties and push for land reforms. In the long run Mexico faired better after their revolution than Cuba. Cuba still experiences hostile tensions with the U.S. today and still practices rationing.

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Contrast between Chile and USA During my whole life I’ve been back and forth, living between Chile and USA. I’ve lived in both countries for almost the same amount of years each. I think if I hadn’t lived here when I was smaller, I would feel a big cultural shock. Geographically Chile is very extensive and in length, we have a great variety of climates and landforms. We can take the bus from the middle of a region and in 1hour be either at the mountains full of snow or at the sea.

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400 Words | 2 Pages

Trade was something that fueled economies and made empires unbelievably wealthy, but it also brought the power to break economies as well. The Byzantine Empire became wealthy from controlling a key trade route from the Black Sea to the Mediterranean Sea. Secondly, trade had fueled the Islamic Empire’s economy and partly brought us beautiful architecture. Lastly, the West African Empires became rich as they controlled the gold and salt trade. They could stop contact between the traders easily.

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81 Words | 1 Pages

Cuba and Mexico share more than just language and existing in what some call Latin America, they are brothers that were raised by the same family, but after coming of age and leaving home they went in very different directions. Cuba and Mexico both experienced the extended struggle to become independent nations and each was forced into a bloody revolution by a different set of circumstances. It is clear that Mexico experienced more change and is to be considered more

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653 Words | 3 Pages

Thousands of families every year are leaving Puerto Rico and migrating to the United States instead. As for Cuba, it 's now viewed as country who’s starting to make big changes and looking to start growing into a larger and efficient nation. In short, these two economies are very far apart from another, showing great

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Frank Bruni’s “Today’s Exhausted Superkids” is his own response to the book “Overloaded and Underprepared.” Bruni discusses the part of the book that got to him the most was a part about sleep. Bruni talks about the fact that in today’s society, kids are “so hyped up and stressed out that they’re only getting a fraction of the rest they need.” Afterwards, Bruni mentions that when he was a teenager, kids did have problems with sleep, they were getting too much of it. Often sleeping through their classes.

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Cubans of black and mixed-race are the least represented in social mobility and economic for the last few decades (Padura). These issues of Cuban reality still exist even with the promise an education system that is one hundred percent subsidized by the government. Since 1961 the educational system in Cuba has been run by the state, which mean Cuban students at all levels can attend school for free. Cuba economic status remains stagnant, mostly because there is little or no trade between neighboring Caribbean countries and the impact of the U.S trade embargo. The influence of a world power such as the United States has negatively impacted Cuba, through in recent year the White House gas announced its plan to normalize relations with Cuba.

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1152 Words | 5 Pages

Neoliberalism and its implementation has had a major economic and cultural impact on countries in South America of which Chile being the most prominent example. From the beginning, neoliberalism was a project that was to restore the class power where the economic elites are in control. The theoretical utopianism of the neoliberal argument was primarily used as a method to justify the actions of General Augusto Pinochet’s militant rule where basic human rights were continuously violated. The basis of neoliberalism was deregulation and privatization of various sectors in a free market economy, however the consequences of these policies caused for many years of human rights violations under the rule of General Pinochet. The memories and the historical

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522 Words | 3 Pages

Nothing changed things got worse and worse and worse. Cuba remained the same as it did earlier with Batista; a poor country in debt whose livelihood depends on sugar production. At first the United

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1747 Words | 7 Pages

This alliance, within the context of Cold War politics, influenced the United States’ decision to minimize and even halt trade with Cuba; this was damaging to economic stability. Loss of stable trade with the United States created a deficit and, when the USSR finally collapsed, economic stability faltered in the wake. Another drawback of creating a socialist regime was the fact that it was extremely expensive to finance programs that could lead to successful political, economic, and social structures. Since Cuba’s main export was sugar, which was not a reliable industry due to Cuba’s minimal comparative advantage over the exports of other countries in South America, foreign investment and support was necessary for stability (Prevost, 379). Overall, taking a socialist approach was the most important way that Cuba managed to re-establish stability, but this approach led to US opposition and economic stability was relatively short-lived after foreign support

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1141 Words | 5 Pages

Economic activities such as trade in produce and skilled labour continue to benefit the West, because the consumption of the West dictates the production in the Region. In return, the Caribbean Region depends on Europe and North America in particular for goods as well as capital in the form of technology, machinery, foreign direct investments and loans. This dependency syndrome provides a firm foundation for an unequitable trade arrangement between the Region and the West. Furthermore, the Region is always indebted to the West, and certain financial institutions – the World Bank and Inter-American Development Bank (IDB) chiefly. These institutions strategically help to enforce and continue the hegemony of the

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