Word: cuba
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Dates: during 1960-1969
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Only 10 per cent of the world's yearly sugar production is sold on the open market. This market, however, provides much of Cuba's hard foreign currency. By continuing to increase the acreage under cultivation, and trying to sell more on the open market, the Cubans have helped to depress the two-cent price. But government officials think that continued low prices will force competitors to cut back their production since it is not profitable, and when the price finally begins to rise, Cuba, as the world's largest producer, will be in an advantageous position...
There is no question that the American commercial blockade has hurt Cuba. It is supported by all Latin American governments (except Mexoco which maintains minimal trade relations with Castro). We have put intense pressure on Canada and Western Europen countries to cut back their commercial ties to the island. But Cuba carries on 23 per cent of her trade with non-Communist nations. This percentage is slowly rising as more Western European companies and governments become bored by the peculiarily rigid position the United States adopts toward Cuba...
...blockade has sharply reduced Cuban imports of heavy machinery and in spare parts. Practically all consumer goods in Cuba before the Revolution came from the United states, and air conditioners, automobiles, stoves, and televisions are now beginning to break down. Spare parts are almost impossible to obtain...
...Western diplomatic source in Havana, some 5 per cent of the rural population was eating meat, and only 10 per cent was drinking milk. The present situation, however, represents a drastic drop in the standard of living for those middle class citizens who have chosen to remain in Cuba...
...Cuba reportedly receives some one million dollars a day in economic aid from the Soviet Union. Aside from the military expenditures which the government feels compelled to make because of its international position, this aid has been poured into serious economic development projects...