HAIDAR H. HAMOUD
WEEK 5: ASSINGMENT 2
MKT 505/ STRAYER UNEVERSITY
DR. JEAN GORDON
APRIL 5, 2011
American and European companies look at Cuba as a fresh market that would become a great venture for short and long term investments. However, the United States and Cuban affairs never condensed the high tension that was started in 1959. The economical siege started with the trade restriction dilemma between the U.S. and Cuba in 1959 when Fidel Castro took over the government in Cuba. Fidel Castro first action, as a young leader for the newest communist nation, was taking over all private sector businesses and properties including those were owned by American inverters. Castro ...view middle of the document...
Even though Castro backed down on short and mid-range USSR missiles and asked his allies, the former Soviet Union, to remove those missiles out of Cuban soil, Castro never gave back any of those luxury hotels and private American businesses or reimbursed the investors. Also, he kept the communist state as the guide for the rest of the internal and international affairs’ policies. Therefore, the trade embargo against Cuba still in place until an essential change in Communist Cuba’s strategy comes to play (An Overview of the Crisis, 1997).
There are both economic and political barriers between the United States and Cuba. For instance, for the private companies and investors to conduct business safely and successfully in Cuba, healthier political relationship and trust between the two countries must occur. Cuban trade sanctions are far tougher than those imposed by the United States against Iran, North Korea, and old Libyan regime. Poor relationship between the U.S. government and Cuban...