Macroeconomic implications of the sinking economy of Cuba

undergraduate thesis

• Author: Kristina Crnogorac
• Mentor: Lucija Rogić Dumančić (mentor)
• Granter: University of Zagreb; Faculty of Economics and Business; Zagreb
• Defense date and country: 2022-09-14, Croatia
• Scientific / art field, discipline and subdiscipline: SOCIAL SCIENCES; Economics; Macroeconomics

Abstract

This paper discusses the Cuban economy and their current state and position in the global market. Furthermore, it will follow the timeline of the most important historical events, such as the Cuban revolution and the US embargo against Cuba, all the while considering the role in how these events were shaping the economy through the years. Main focus will be on the macroeconomic side of the Cuban economy, to try and understand their newfound economic situation and their struggle to implement democratic policies and fight corruption in a successful way. Through looking at these indicators, I will be able to make implications about their monetary and fiscal policies, industry sectors, unemployment, inflation, human rights; and try and find a better understanding as to why Cuba is stricken with poverty today and could be heading towards a new crisis. As the government leads the economy and favours foreign investment more than the domestic production, while also furthering their interdependence to other countries, there is a clear need for a reform.

• Keywords: macroeconomic indicators; economy; Cuba; undergraduate thesis
• Language: english
• URN:NBN: urn:nbn:hr:148:605643
• Study programme: Title: Business Economics in English; Study programme type: university; Study level: undergraduate; Academic / professional title: sveučilišni/a prvostupnik/ prvostupnica(baccalaureus/ baccalaurea) ekonomije (sveučilišni/a prvostupnik/ prvostupnica(baccalaureus/ baccalaurea) ekonomije)
• Type of resource: Text
• File origin: Born digital
• Access conditions: Open access
• Created on: 2022-09-23 12:50:43