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February 21, 2007

Soviet Aid to Cuba

Just a silly question, I know.

...shortly after the collapse of the Soviet Union robbed the Caribbean island of cheap medical imports and precipitated a decline that now appears to be only worsening.

It prompted me to go look for the figures of how much that Soviet Aid was in fact worth. $6 billion a year apparently, and with an economy of $39 billion now that's what, 15-20% of GDP ? (higher probably, given inflation).

There's a trope, a meme out there, that if we send enough aid to countries that are currently poor then they'll achieve a lift off point, their own intensive growth. It's us not sending enough that's stopping them, not their own internal systems or anything like that.

Tough idea to maintain really when we've got the example of Cuba in front of us.

February 21, 2007 in Your Tax Money at Work | Permalink

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Comments

But surely Tim don't you realise that if it wasn't for those wicked Yankees with their trade embargo, Cuba would have the highest standard of living in the universe.

Posted by: Umbongo | Feb 21, 2007 2:22:43 PM