Article Review and Presentation

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The United States and Cuba

Summary

The U.S. and Cuba have had a strained relationship since the early 1960’s

U.S. broke off diplomatic relations with Cuba

Embargo put on Cuba

Affects other countries as well – not allowed to trade with Cuba

Guantanamo Bay

U.S. has controlled Guantanamo since 1898 serving a strategic military purpose

1903 the U.S singed a lease with Cuba to retain control for as long as necessary

President Obama and President Castro are currently working to restore diplomatic relations

Review

Issue #1: Laws affecting business with/in Cuba

Embargos

Absence of trade with the U.S. over the last 50 years has amounted to more than $100 billion for Cuba

The embargo on Cuba extends to many other countries based on agreements they have with the U.S.

President Obama wants to lift the embargo

Extraterritoriality

The Helms-Burton Act - controversial use of extraterritoriality

U.S. sees it as taking back what is theirs; other countries see it as an anti-Castro movement

Review

Issue #2: Expanding business into Cuba

Leverage of Core Competencies

Cuba has one of the most literate populaces in the world

Current top export is their highly-trained professionals and athletes

Cuba is famous for the quality of its healthcare workers

Changes in Political Environment

Communism

Government controls 90% of economy

Stunted entrepreneurial growth because of policies

Closing Guantanamo Bay

U.S. has no interest in shutting it down

Only Navy base in the Caribbean

Q&A