Chapter 6: Case 2, "Cold War Relics"

Question 1

What do proponents of regular relations between the US and Cuba argue?

Answer 1

The embargo has not achieved its goal, and we are instead losing business and revenue.

Question 2

What do opponents of regular relations between the US and Cuba argue?

Answer 2

We have a moral obligation to NOT do business with such a repressive government.

Question 3

Before Castro’s rise to power in 1959, how much of Cuba’s foreign trade was with the US?

Answer 3

2/3

Question 4

In what year did the US freeze all relations between the US and Cuba?

Answer 4

1962

Question 5

In 2000, the US took steps toward resuming relations with Cuba by…

Answer 5

Allowing exports of some US food, agriculture, medicines

Question 6

What three key business advantages exist in Cuba?

Answer 6

Highly qualified workforce after government layoffs, near perfect literacy rate, Cuban demand for foreign goods.

Question 7

What are disadvantages of business in Cuba?

Answer 7

Low per capita GDP ($9900 at PPP in 2012)
Small population (~11million)