Failed Sanctions

by Spadoni, Paolo

• ISBN13: 9780813035154
• ISBN10: 0813035155
• Format: Hardcover
• Copyright: 2010-11-14
• Publisher: Univ Pr of Florida

Summary

"An excellent study indicating how transnational players, particularly corporations, nation-states (including Cuba), and individual tourists (particularly Cuban-Americans) were able purposefully or inadvertently to undermine the U.S. embargo on Cuba so that from its earliest stage in 1960 it was doomed to failure."--Peter Schwab, SUNY-Purchase For almost five decades, the United States has maintained a comprehensive economic embargo on Cuba. U.S.-based travel to the island is severely restricted, and most financial and commercial transactions with Cuba are illegal for U.S. citizens. In the 1990s the United States tightened the embargo further, seeking to promote change in Cuba by depriving the Castro government of hard currency revenues. And yet the stalemate remains. How effective has the embargo been in achieving its main goal? Paolo Spadoni dispassionately answers, "Not very." By extending his analysis to non-state actors (including multinational corporations, migrants, international travelers, indirect investors, and food exporters), Spadoni demonstrates that the United States has not only been unable to stifle the flow of foreign investment into Cuba but has actually contributed to the recovery of the Cuban economy, particularly from the deep recession it entered following the demise of the Soviet Union. Failed Sanctionsis a must-read book for those who closely follow Cuban-U.S. relations and for anyone interested in the efficacy of economic sanctions as a foreign policy tool.

Author Biography

Paolo Spadoni is a postdoctoral research fellow at the Center for Inter-American Policy and Research at Tulane University.

Table of Contents

List of Figures	p. ix
List of Tables	p. xi
Acknowledgments	p. xiii
Introduction	p. xv
Transnationalism in the Context of Economic Sanctions	p. 1
Relations between Cuba and the United States, 1959-2009	p. 25
Evolution and Results of Foreign Investment in Cuba	p. 60
The Impact of the Helms-Burton Law on Foreign Investment in Cuba	p. 97
U.S. Financial Flows in the Cuban Economy	p. 128
Conclusion	p. 177
Notes	p. 187
Bibliography	p. 205
Index	p. 223
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