U.S. economic sanctions on Cuba have been in place for nearly seven decades. The stated intent of those sanctions—to restore democracy and freedom to Cuba—is still used as a justification for maintaining harsh restrictions, despite the fact that the Castro regime remains in power with widespread Cuban public support. Starving the Cuban people of economic opportunities under the shadow of sanctions has significantly limited entrepreneurship and economic development on the island, despite a highly educated and motivated population. The would-be political reformers and leaders on the island emigrate, thanks to generous U.S. immigration policies toward Cubans, leaving behind the Castro regime and its ardent supporters. Real change on the island will come only if the United States allows Cuba to restart its economic engine and reengage with global markets. Though not a guarantee of political reform, eco-nomic development is correlated with demand for political change, giving the economic development approach more potential than failed economic sanctions. In this short paper, I argue that Cuba has survived in spite of the U.S. eco-nomic embargo and that dismantling the embargo in favor of open trade policies would improve the likelihood of Cuba becoming a market-friendly communist country like China. I present the avenues available today for trade with Cuba under the shadow of the economic embargo, and I argue that real political change will require a leap of faith by the United States through removal of the embargo and support for Cuba’s economic development.

Continue reading Trading with the Enemy: Opening the Door to U.S. Investment in Cuba