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The embargo has gotta go

For decades, the Cuban economy has been constrained under strict communist rule. Eddie Go makes an economic case for re-establishing trade and other economic relations between the U.S. and Cuba in light of Obama’s historic visit to the island.

Nuclear Deterrence and Profit Maximisation

In October 1962, the world watched on anxiously as the US and the USSR became precariously poised on the verge of mutually assured destruction during a confrontation known as the Cuban Missile Crisis. This tense 13-day period is considered by many as the point during the Cold War in which the two superpowers came closest to full scale nuclear warfare.

So why didn’t they?

And how is this relevant to economics?

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A Fifty Year Old Fallacy

February marked the anniversary of the fifty years of the Cuban embargo enforced by the US. The promulgation of the Cuban Democracy Act in 1961 reflected the policy of containment that was to prevent the extension of the relationship between Cuba and the Soviet Union after the embarrassing Bay of Pigs invasion. Six months later, the world was at the height of Cold War tensions with the Cuban missile crisis.

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