Cuban Economy Free Essay

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Cuban Economy

Although the Cuban economy may be thought of as to some as a complete failure, the command system structure can still be an effective way of creating a successful economy, if the correct steps are taken in it's planning. From the 1960's revolution to the 1990's collapse of russia, the soviet union managed to maintain the Cuban economy by trading them sugar in return for oil (http://lanic.utexas.edu/la/cb/cuba/asce/cuba1/panel.html). The USSR paid "higher than market prices" for Cuban cane, and Cuba paid "lower than market prices" for Russian petroleum products. This arrangement which Cuba benefited from, allowed Castro to provide benefits to the citizens such as higher education, free total medical care, and subsidized

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