Why Cuba Remains Trapped in Economic Stagnation For 60 Years

Why Cuba Remains Trapped in Economic Stagnation For 60 Years. For over 60 years, Cuba has been stuck in economic stagnation, struggling under the weight of US sanctions and an outdated economic system. In this video, we explore how the Cuba embargo and Cuba US sanctions have contributed to the ongoing economic crisis and widespread poverty in Cuba. From the legacy of Fidel Castro to the impact of the Cuba rocket crisis, we’ll examine the key moments in Cuba’s economic history. You’ll learn about the influence of macroeconomics, microeconomics, and how inflation has worsened the situation in Havana and beyond. As Cuba today faces continued challenges, we’ll discuss why the country’s economy remains stagnant and what factors keep the island trapped in a cycle of economic collapse. Understanding Cuba’s economy and the global factors affecting it can provide insight into the larger picture of simple economics in crisis situations.

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*TIMECODES*
00:00 - What the video is about
01:48 - Cuba Sanctions
03:38 - History of Cuba
07:00 - Poor and Rich
09:35 - Fidel Castro
11:30 - Changing Allies
14:28 - Losing a sponsor
16:00 - Trying to survive
18:30 - The end is near

#simpleeconomics #economy #economics #economic #collapse

[simple_economics_official]

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[gappergob]

Dude. Even england gonna collapse within months with that kind of sanctions. So making economic video of countries like cuba or north Korea is kinda useless