Castro's demise and world effects?
Question:
Me I see these things as very likely. Cuba will revolt against Castro's successor. Thousands maybe more Cubans living in exile in America will go back to Cuba. I see Cuba becoming a strong nation inside a decade, and also a Democratic nation. The effects on Marxism in Latin America will be profound. Economic success in Cuba will undermine Marxist Governments very quickly and Cuba will be the destination of choice for many in Latin America. Will be interesting to see how they handle imigration. Question is whether they can keep corruption under check. Won't take long for investments to dry up if Cuba cannot control corruption.
What do you think?
Answer:
When the news came that Fidel Castro had transferred political power, there were celebrations in the streets of the Miami, Florida, neighborhood of Little Havana, reflecting the belief that his passing from the stage would mean a very different Cuba.
But when you remember that the power is now held by his brother Raul -- if anything more dogmatic than Fidel -- and remember the failed predictions of earlier years, those celebrations may be premature.
Economy
The Cuban economy is largely based on state ownership, with about 75 percent of the labor force employed by the state. Cuba is still recovering from the loss of Soviet subsidies worth $4 billion to $6 billion annually. The U.S. embargo that has been in place since 1961 also has had a long-term economic impact.
Cuba's industrial sector is mainly represented by sugar, petroleum and tobacco processing, as well as construction, agricultural machinery and pharmaceuticals.
The currency is the Cuban peso (CUP) and the Convertible peso (CUC).
the BIG Q' is: who is going to inherit his cigar box?
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