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If the American embargo of Cuba ended, what do you think would happen to the USA and Cuba? (thelemmy.club)

submitted 5 months ago by [email protected] to c/[email protected]

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This isn't meant to be a discussion on the morality of the embargo, but the affects of the embargo ending for both countries. These affects can be political, economic, or social.

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[–] [email protected] 6 points 5 months ago (1 children)

For the US, the change would be minimal. The economy of Cuba is so small by comparison and they don't have a heavy industry or tech sector to offer much to the US economy. Most outflows of money would likely be in tourism by US citizens to Cuba. And maybe some businesses would find ways to offshore some work. But again, I think the overall impact would be small.

As for Cuba, it really depends on the Cuban Government. Trade with the US and tourism are likely to have a much larger impact (as a percentage of GDP) on Cuba. The country could well see a sizeable influx of foreign cash. Managed well, this could create a lot of opportunity for the Cuban people. Managed by a corrupt regime, intent on enriching itself and it's friends, this could lead to the same type of misery which usually results from corrupt government.

[–] [email protected] 1 points 5 months ago

For the US, the change would be minimal.

If you ignore the fact that it'd probably be cheaper to fly to Cuba to receive medical treatment than to pay for a hospital in the US, sure.