Cuba: Can the Past Last?

30 Pages Posted: 20 May 2019 Last revised: 25 May 2019

See all articles by David Dieterle

David Dieterle

Walsh College

Jamie Wagner

University of Nebraska at Omaha - Department of Economics

Date Written: May 11, 2019

Abstract

In June 2018 we were two of twenty-one educators who spent four days visiting Cuba. During our visit we visited factories, farms, restaurants, and private businesses. We met with an American journalist who lives and works in Cuba, a lawyer, tobacco farmer, urban planner/architect/professor, attorney turned party planner, several business owners, and University of Havana economist.

In the next five to ten years the Cuban leadership of the 1959 Revolution will be dead or out of office. At that time Cuba will face an identity crisis. How the younger generations respond to new leadership will determine Cuba’s future.

Simultaneously, the U.S. embargo placed on Cuba in 1962 is now over fifty years old. Cubans believe the embargo is the reason for their struggles. From many Cubans’ perspective the embargo is the main issue holding them back. It is not the only issue but we agree. The embargo is not relevant in a decade of new Cuban leadership. We trade and have relations with other similar nations. Current U.S. relations with China and Russia make the old arguments in favor of the embargo moot in today’s growing global economy.

Keywords: Cuba, socialism, economics, transition, embargo, trade

Suggested Citation

Dieterle, David and Wagner, Jamie, Cuba: Can the Past Last? (May 11, 2019). Available at SSRN: https://ssrn.com/abstract=3386464 or http://dx.doi.org/10.2139/ssrn.3386464

David Dieterle (Contact Author)

Walsh College ( email )

P.O. Box 7006
3838 Livernois Road
Troy, MI 48007-7006
United States

Jamie Wagner

University of Nebraska at Omaha - Department of Economics ( email )

College of Business Administration
6708 Pine St
Omaha, NE 68182
United States

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