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The dissolution of the Eastern bloc and the Soviet Union after 1989 had dramatic consequences for Cuba: some 85% of its former export markets, as well as the considerable Soviet assistance to the amount of an estimated several billion US dollars per year disappeared. Both were essential for the functioning of the Cuban economy in its former shape. In the course of the economic "special period" (perĂ­odo especial) which has lasted since 1989, Cuba was forced to reorient its economic relations and to restructure its economy.

Since the nineties, tourism has been the engine and main source of foreign exchange for the Cuban economy. In 2002, Cuba's gross income from about 1.68 million tourists amounted to just under USD 2 billion, although the expected growth in this sector has failed to materialize because fewer tourists came due to September 11 and the economic problems in their own countries. In fact, there has even been a slight fall in the number of tourists. In addition, there are ...

Posted by: Carlos Hernandez

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