Comments on: Would trade with the US make Cuba rich? Probably not http://welkerswikinomics.com/blog/2007/06/07/would-trade-with-the-us-make-cuba-rich-probably-not/ for students and teachers of Economics Wed, 08 Feb 2012 23:39:55 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Robert Wang http://welkerswikinomics.com/blog/2007/06/07/would-trade-with-the-us-make-cuba-rich-probably-not/comment-page-1/#comment-224 Robert Wang Tue, 26 Jun 2007 10:05:49 +0000 http://welkerswikinomics.com/blog/2007/06/07/would-trade-with-the-us-make-cuba-rich-probably-not/#comment-224 I don't believe there is too much freedom in Cuba's economy for the people as then nation is a communist nation in which the government generally runs the show. The people do not have much say at all. Besides free trade, the Cuban government needs to provide employment opportunities, education, and provide public facilities/social work that will help Cubans escape poverty. I think the passage means without the constant changes in prices of products and economic freedom, trade cannot work any "economic miracles," which could be becoming ridiculously rich or surfacing above the poverty line. Personally, I'd agree with this statement. If everything stayed the same, trade would not be able to create a drastic difference in anyone's life unless a drastic fall in supply or a huge increase in demand occurs. This may be a stretch, but I think the passage could be hinting at competition. I don't believe there is too much freedom in Cuba's economy for the people as then nation is a communist nation in which the government generally runs the show. The people do not have much say at all.

Besides free trade, the Cuban government needs to provide employment opportunities, education, and provide public facilities/social work that will help Cubans escape poverty.

I think the passage means without the constant changes in prices of products and economic freedom, trade cannot work any "economic miracles," which could be becoming ridiculously rich or surfacing above the poverty line. Personally, I'd agree with this statement. If everything stayed the same, trade would not be able to create a drastic difference in anyone's life unless a drastic fall in supply or a huge increase in demand occurs. This may be a stretch, but I think the passage could be hinting at competition.

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