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.
It’s a small economic quirk, but I imagine many Cubans would be selling their old American cars to collectors State-side for a quick cash influx.
And Americans would be eager to travel to Cuba for tropical tourism. That feels like a longer lasting economic change.
Of course there’d be a bubble market on Cuban cigars that would arise, climb, then settle as the demand declines as the idea of a Cuban cigar becomes more normalized.
I’ve heard Cuba has some novel treatments for lung cancer. I imagine there’d be a market for medical tourism that would emerge from that, as I sincerely doubt the FDA would evaluate and approve a foreign treatment created under a Communist government with any haste.
I was curious about that lung cancer treatment and found this Snopes article. Sounds like in Cuba it’s demonstrated that it can add several months to some people’s lives after they’re diagnosed with lung cancer. Phase II clinical trials are underway in the US as of last year, and preliminary results show particular success in combination with other existing treatments. They’ve expanded the trial to cover some other forms of cancer too
Whoa! Thanks for the info, that’s really cool
Do you think medical tourism would become big?
I think that largely depends on how easy it becomes for Americans to travel to Cuba. I imagine there’d be a bubble for most economic exchanges in the get go, but after it would normalize more.
I’m not really sure what constitutes “big” or how large the medical tourism industry is, say, between Mexico and the US, but I know it exists.
I’ve heard that Cuban healthcare is very good, but I’m unsure how accessible it would be to Americans. Being an American, I really don’t know much about Cuba… but I’ve heard a few general things.
Aren’t cubans still banned from using the real money?
I think Cuba uses the Cuban peso, the real hasn’t been in use for centuries.
There was a cuban peso and convertible peso, but apparently they’ve been merged 3 years ago. So the sanctions probably are the main barrier to free trade now.
Same thing that would happen if sanctions on Afghanistan were lifted. Regular people’s lives would improve as the country could import what they need. Cuba is really lacking in cement and medical supplies for example iirc (though their medical system and education is world-class), and they can’t import them cuz of the embargo.
Obviously not much would change in the US, aside from some people realizing socialism isn’t too bad when you’re not a tiny country sanctioned and blockaded by the most war-mongering nation in the world.
They’d both suddenly benefit… the impact on America would be pretty minimal economically simply due to scale but it probably would improve health by moving us partially off corn syrup. And for Cuba it’d end decades of arbitrary economic kneecapping by the US. Tourism would probably explode since it’d be a shorter flight than cancun from the east coast and, y’know, not fucking Florida.
I don’t think it would have any significant impact on corn syrup usage.
The US already produces about nine times more sugar cane than Cuba does. We also import it from countries like Brazil and the other Caribbean islands.Our usage of corn syrup is because it’s very cheap to begin with, and for various reasons it’s desirable to keep food production, including corn, higher than demand would normally require.
That has one effect of further lowering the price of corn syrup.The only thing that’ll get us to cut back the amount of corn syrup in foods is the (slow) growing trend of consumers preferring foods that don’t have added sugar, which would also preclude cane sugar.
Corn syrup is mainly cheap because of the huge subsidies, putting that money to better use supporting veggie or fruit production would make us all a lot healthier
It’ll still be cheap and easy to use without the subsidies, since it’s not like we’re going to stop growing the corn even if it’s more expensive. Lowering the price of healthier foods will do a lot of good, but there’s also the part where people need to change their tastes.
We just like food that’s too sweet.
The US economy is so gigantic compared to Cuba’s that I don’t see it changing much at all for the US—maybe some medical advancements. For Cuba it would mean being able to acquire goods at more reasonable rates and probably a much bigger tourist trade if they’re not careful. Edit and better internet, I hear that’s important.
Mass immigration into Cuba?
I wonder how many poor retirees would consider it if the options are living in a modest apartment in Cuba surrounded by a great health care system versus shitting in a bucket in a van down by the river.
probably, just look at how many people are retiring to Vietnam.
realisticly, i dont think much outside of trade restrictions to cuba would help them. politically on the states side whichever party removes it loses a lot of Cuban voters who migrated to Florida who are in the camp of not liking Cuba. can potentially turn the state the other parties color goven how swingstatey Florida is on its own.
Florida has already gone pretty Republican, so I don’t imagine that changing.
You don’t think trade with the world’s biggest economy and closest physical neighbor would have much of anmeffect?
not saying trade wont have an effect, its just definitely on one side, it would be minimal, and Cuba for sure would benefit (heavily) from not having import restrictions. Relationships between the twp countries at least immediately, would not change.
Right.
That said, Cuba doesn’t really have import restriction, it’s the US has export restrictions.
yeah effectively the same if its in context of just the two countries i guess. Regardless, Cuba has a lot to gain on being able to trade for cheap produce made in the U.S, and at least, have another large country to compete for sales outside of Brazil (whose fast tracked into being virtually the largest agrarian society these days)
the end result is basically Cuban Tourism goes up, U.S exports to Cuba drives food prices down.
The food prices falling might actually result in a net negative impact on their economy.
If local producers can’t viably compete with aggressively low priced American crops, they’ll lose out heavily.On the whole, the tourism will probably bring in a lot of money, but a good chunk of it would leave the island immediately, and they’d have to wrangle a flood of goods they didn’t have to compete with before.
(A lot of Caribbean islands end up in situations where the major tourist hubs are owned by American companies that pay locals as little as possible and then ship the profits back to the US. So the island just sees the benefit of 40 jobs, not 200 high paying tourists a month)the type of crops cuba grows arent the main exports that the U.S typically goes through. iirc theyre big on sugarcane and rice, neither of which are major US exports reletive to the global scale of exports.
at worst, the citrus market in cuba crumbles, but thats less significant than the above two.
We actually export a huge amount of rice. https://fas.usda.gov/data/commodities/rice (3 million tons exported, to Cuba’s 200k total production). We’re actually the fifth largest exporter.
We also produce more sugar cane, but Brazil is the real power player there.Cuba wouldn’t be alone in being injured by US agricultural exports. Our volume and low cost can, for example, make people prefer imported American grains over domestic production, even if they’re different types.
You are comparing apples to apples but I think there is an issue of scale. It’s like the apples that are produced by the tree out back (Cuba) vs the apples that are produced by the little stand the vineyard keeps for their fall cider (US). I don’t have a lot of fruit trees out back so the couple basket fulls that apple tree produces is a huge portion of my fruit production but the vineyard’s couple ton of apples is only a small portion of their fruit production.
For rice, the largest rice crop Cuba has ever produced in a single season is estimated to be 465k tons in 03/04. The US produced 11m tons and exported 3m tons of rice last year.
Edit: overstated US rice production do to not noticing a unit difference.
Not exactly.
Any ship that docks in Cuba is barred entry to US ports in the next 180 days.
The US can also sanction foriegn companies that trade with Cuba.
It’s not a blockade but it has a chilling effect on trade.
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.
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.
The US would start importing Havana Club
Significant improvement in the quality of life of Cubans. Probably also increase US tourism to Cuba. Not sure if it would have any real impact on the average US citizen.
Some have mentioned medical tourism. Could an industry grow around that? Would American insurance programs start covering work done in Cuba?
Mass medical tourism and the collapse of the corporativist medical industry in the US.
Who do you think will build resort hotels?
Does Desi Arnaz (a Cuban) and Lucille Ball (an American) have to do with this subject?
If not, then I probably brought it up out of nowhere because I watched I Love Lucy before.
No. It is due to the Cuban protests.
Heheheh, right. I missed the subject. :P
It would be interesting if they had an “I Love Lucy” experience in Havana as a tourist trap.
It would improve living standards and mortality rates for Cuban citizens.
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Russian Deputy Prime Minister Dmitry Chernyshenko said on Friday that more than 100 Russian companies had started operations in Cuba over the past year, according to the state news agency TASS
So, I doubt it would ever happen.
What does Russia in 2024 have to do with the blockade? Cuba has been trying to peacefully trade with the US for 60 years - even when the USSR provided aid.
Make no mistake about who is imposing the embargo
Besides nationalizing US businesses without compensation, Cuba got in pretty hot water during the Cold War for its hosting of Soviet Nukes. While I completely agree the embargo is pointless at this time, the increased presence of Russian influence could stir up some old feelings.
US businesses? You mean mob-run casinos? Or hereditary plantation owners?
Worse. Oil. I’m not defending their decisions, I’m just explaining why I think it’s unlikely.
Massive inequality growth in Cuba
Just to shine light on something positive for the US, it could be a good thing for American rice growers as Cuba could possibly become large buyer of USA rice
I would also expect American pork to be big in Cuba as well.
