Abstract
or to complete bans on economic exchange. Embargoes and boycotts both refer to complete bans. The purpose of this paper is to determine and measure the loss to the U.S. due to the embargo of rice and other farm products imposed by the U.S. on Cuba. About 86.2 percent of Cuba's total trade turnover in 1986 was with socialist countries and 13.8 percent, with market economy countries. From 1965 to 1990, the embargo caused the U.S. to lose an estimated $1.97 billion in exports of selected agricultural commodities and the state of Arkansas lost about $235.1 million. (JEL F 10)
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