On December, 17, 2014, President's Obama and Castro made unilateral announcements to normalize relations between Cuba and the United States and engage in making major changes in political and economic relations which have kept the countries at odds for more than 50 years. The announcement to re-instate bilateral relations, open respective embassy's, and look for additional opportunities to engage in economic and emergency care relations took many by surprise, however, these current discussions have been ongoing for more than a year, and its roots can be traced back even further to U.S. trade missions to Cuba over the past decade. This new dynamic provides many opportunities for Cuba, a country already in the midst of the most sweeping economic reforms since the revolution in 1959, and the United States, but also presents risks and threats, not only to Cuba and to the United States, but for other Caribbean, European and Canadian companies and countries. The present paper aims to discuss the implications of normalization of relations, the impact this will have on the changes already underway in Cuba that these changes could impose to Cuba, the U.S. and other Countries.

Additional Metadata
Publisher International Academy of Business and Economics
Persistent URL dx.doi.org/10.18374/jabe-15-3.3
Journal Journal of Academy of Business and Economics
Citation
Becker, H.M. (2015). An Analysis of the U.S./Cuba Normalization of Relations. Journal of Academy of Business and Economics, 15(3), 21–28. doi:10.18374/jabe-15-3.3