The US has an embargo, but Mexico and Canada don’t. Cuba can and does buy goods from them. Cuba’s real problem is paying for them. The US does not embargo food or medicine goods to Cuba, yet the country has problems feeding their people. Poor economic management of a communist country with no real resources.
Cuba can’t pay because Cuba can’t conduct normal finances with the rest of world because of the US embargo
It’s like having having someone handcuff you, cuff you feet and pin you to the ground and rest their knee on your neck and ask you why you can’t get up on your own.
You are technically correct … but there are several convoluted rules and regulations controlled and mandated by the US that it makes it either very difficult or impossible for most countries to do business or trade with Cuba.
Cuba can trade with anyone they want … it’s just purposely made so difficult that very few do so and the ones who do provide very little in exchange.
The question is, with what currency? The Cuban dollar is not really worth anything outside Cuba, so they can only rely on exports to fund currency needed to buy imports.
This is true, but not due to a US embargo. I should think that the state has access to many different currencies. But, in the end, they have limited resources. Cigars, some Rum (though a lot of countries distil and export rum in the Caribbean). They used to export mercenaries and doctors but noone is buying now.
You don’t think being explicitly barred access from what is essentially considered “the world currency” at this point wouldn’t change their access? C’mon.
The US has an embargo, but Mexico and Canada don’t. Cuba can and does buy goods from them. Cuba’s real problem is paying for them. The US does not embargo food or medicine goods to Cuba, yet the country has problems feeding their people. Poor economic management of a communist country with no real resources.
Cuba can’t pay because Cuba can’t conduct normal finances with the rest of world because of the US embargo
It’s like having having someone handcuff you, cuff you feet and pin you to the ground and rest their knee on your neck and ask you why you can’t get up on your own.
They can certainly conduct commerce with the rest of the world.
You are technically correct … but there are several convoluted rules and regulations controlled and mandated by the US that it makes it either very difficult or impossible for most countries to do business or trade with Cuba.
Cuba can trade with anyone they want … it’s just purposely made so difficult that very few do so and the ones who do provide very little in exchange.
https://www.politifact.com/factchecks/2021/jul/19/facebook-posts/cuba-can-trade-other-countries-heres-some-context/
The question is, with what currency? The Cuban dollar is not really worth anything outside Cuba, so they can only rely on exports to fund currency needed to buy imports.
This is true, but not due to a US embargo. I should think that the state has access to many different currencies. But, in the end, they have limited resources. Cigars, some Rum (though a lot of countries distil and export rum in the Caribbean). They used to export mercenaries and doctors but noone is buying now.
You don’t think being explicitly barred access from what is essentially considered “the world currency” at this point wouldn’t change their access? C’mon.
They’re not barred from access. Just can’t use US banks. There are many banks in the world.
They’re allowed to play monopoly, they just can’t use the regular monopoly money.
The global economy is run on the US dollar. It’s the measuring stick all other currencies use as a reference point.
Again, world banks deal in multiple currencies.
The world is run by the USD. If you can’t do business using USD, it is crippling.
Hate to tell you this, but most banks in the world deal in multiple currencies including USD.