Cuban Economy

Although the Cuban economy may be thought of as to some as a complete failure, the command system structure can still be an effective way of creating a successful economy, if the correct steps are taken in it's planning. From the 1960's revolution to the 1990's collapse of russia, the soviet union managed to maintain the Cuban economy by trading them sugar in return for oil (http://lanic.utexas.edu/la/cb/cuba/asce/cuba1/…

…structure can still be an effective way of creating a successful economy, if the correct steps are taken in it's planning. The Cuban economy is an example of an economy that could have been successful if the correct steps and desicions were made. Instead, the Castro government took advantage of their power and abused it, ruining the economy. Steps are now being taken to turning the ecomony around by taking power out of Castro's reach.