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Essay / Research Paper Abstract
The economy of the socialist country is analyzed in this 8 page paper. At issue is whether or not the rosy picture as presented by Vice President Carlos Lage and President Fidel Castro is accurate. Economic indicators are explored in addition to a look at how the people live. Class differences are noted. Bibliography lists 8 sources.
Page Count:
8 pages (~225 words per page)
File: D0_Cuba4.rtf
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Unformatted sample text from the term paper:
signs of poverty. While the country hides behind optimistic economic figures and notions of sugar cane, the truth is that a dismal dichotomy exists. There is a disparity between the
haves and the have nots and, from all appearances, it is wider than that of the United States. At issue are political problems, but these are by no means
the only problems that Cuba faces. Cuban Vice President Carlos Lage, someone noted for his association with capitalist-style economic reforms on the island, said that Cuba will not abandon
socialism nor its state-run economy (Fletcher PG). In recent times, many are have spoken about such a transition but Lage contends that the country will remain socialist (PG). Lage defended
socialism, citing it as an integral part of the Cuban economy and essentially ruled out privatization for the most part (PG).
Lage had reported that in almost all parts of the economy, there had been marked improvement since 1995; the sugar industry is the only sector which has not
experienced growth (Fletcher PG). His forecast for the future is bright as Lage says that in 1997 GDP was 2.5 percent and his projection for 1998 shows a similar pattern
of modest growth (PG). He contends that current economic conditions suggest that the growth will indeed may be maintained (PG). Sources of financing to revitalize factories and export
sectors have been drawn from Cubas own banking arena and national and international financial institutions (PG). Lage contends that the economy has recovered which allows the country to advance despite
much external pressure, including the continuing U.S. economic embargo deal as well as difficulties in getting appropriate financing (PG). One wonders how much of the optimistic talk is just propaganda.
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