1. Cubas economic policy from 1945 to 2002
... oil. Castro made his pact with the devil and became a pawn in the Cold War, but out of economic necessity. The United States had left him no alternative. Castro's revolution broke up the concentration of resources and nationalized much of the economy. In this pre-revolutionary period, Cuban resources were concentrated in the hands of a few. 8% of the owners controlled more than 70% of the land, and US owners controlled 25% of Cuban land. US investments were diversified ... bartered crude oil and refined products at below-market prices in exchange for Cuban sugar at relatively high price...
- Word Count: 2137
- Approx Pages: 9
- Has Bibliography