Journal of International Business and Economy

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The Intra and Inter Industry Trade of Cuba (2000-2014)
Jorge Alberto Lopez-Arevalo, Francisco Garcia-Fernandez, and Rafael Alejandro Vaquera-Salazar
Volume 17, Number 2, Fall 2016, pp. 80 ~ 104

The aim of this study is to analyze Cuba¡¯s foreign trade with three main partners during the so-called Special Period, a result from the dissolution of the Soviet Union in 1991. With the absence of the Mutual Economic Assistance Council (MEAC), Cuba had to make structural changes in its economy and foreign trade. A center-periphery model of doing business between Cuba and its trade partners was implemented. Under this model, China became Cuba¡¯s main supplier of manufactured goods and Cuba supplied raw materials. Foreign trade in Cuba was limited due to the economic embargo from the United States. Nowadays, the relation between these two countries has become more of a trading collaboration. The United States has turned into one of Cuba¡¯s main food suppliers, while Cuba exports art pieces and antiquities to that country. Russia also became a main exporter of manufactured goods and machinery to Cuba, just as China. In return, Cuba is sending raw materials to both of those countries.

Key Words: foreign trade, intra-industrial trade, inter-industrial trade

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Volume 18, Number 1, Spring 2017 (pp. 1 ~ 23)
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