Essay from the year 2015 in the subject Economics - History, grade: 1.0, , course: Latin American Hisotry, language: English, abstract: The change of relations between the United States of America and Cuba is a momentous event in both nations' messy and turbulent histories. However, with such a groundbreaking switch in foreign relations, what is left to ask is how this new US/Cuba relationship affects the overall landscape in Latin America. Furthermore, what exactly does this change mean for Cuba? This paper will look to uncover these questions through analyzing the context between this new change through political, social and economic lenses. By observing Cuba through such lenses, I will also look to come up with a decision on how truly helpful this new change of direction is for three distinct yet single entities (the Cuban government, the Cuban people, and Cuba as a whole). First, let us explore the upside of diplomacy between both nations. One upside is increased tourism. With President Obama's propositions, more Americans will have the freedom to travel to Cuba. These trips, while still limited, can bring huge numbers of American visitors and therefore profit to Cuba. Another bright spot in these relations is the hope of the US embargo, which limits any US affiliated country from doing business with Cuba, being lifted. Due to the embargo, Cuba has one of the lowest economies of the world. The talks might lead to greater foreign investments and in turn a more economically stable Cuba. This is not as bad as many think, and to prove it I would like to point to Venezuela (a country who has similar stance on the US) which profits from being able to trade with other countries. The new change in US/Cuba relations will also benefit Cuba's medical field. While one of the most effective and successful medical systems in the world, Cuba is hindered by its lack of accessibility to health technology and other vaccines only available through diplomatic relationships between it and first world countries. Such strides in the medical field will surely improve the state of the people under Cuba's terrific universal health coverage. Other benefits lie in the help towards the telecommunication sector. I find this to be one of the most important perks of better US/Cuba relations as education, health, and business can all be exponentially increased through the use of telecommunications.
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