Cuba was another country hard hit by the recession in 2009.
Cuba is simultaneously enjoying improved relations with many countries throughout the world. This includes improved trade agreements.
The Miami Herald: Cuba faced worst economic crisis in '09
At the root of Cuba's crisis is its centralized, unproductive communist-styled economy, $10 billion in damages caused by three hurricanes in 2008 and a global recession that shriveled virtually all the sources of Cuba's income.
The price of main export nickel plunged by half, income from tourism sank by 10 percent and foreign credits dropped by a reported $1 billion -- a devastating blow to an island long accustomed to financing its operations by taking out loans to pay old debts.
2 comments:
Hey, but Health care is FREE!!! Your not of course, but with the Forced mandate coming here soon neither will we be any longer.
GK Corporate America and the trilateral commission have already conveniently redefined freedom. Freedom has to do with our ability to choose between Exxon or Getty. Now that's freedom.
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