Ans.:- After doing through research on the Cuba’s history and trade relations. The Identified unjust by the international corporate practice is the US’s exploitations and interventions in the Cuba’ affair even they represent the republic nation. In 1959, US officially recognized the New Cuban government lead by Fidel de Castro overthrowing the Batista government in Cuba because of Cuban revolution. When Cuba demanded the Nationalisation of US owned industries and agrarian reforms, which were very vital for the nations development and eradicating poverty. US instead of helping Cuba started imposing tariffs and stopped their own and their partners imports from Cuba, making Cuban economy falling drastically.
2. Whose responsibility is it to address these practices? Corporations, governments, the public/consumer?
Ans.:-Corporations, governments and the public/consumers, it is their responsibility to address these practices fully or partially depending upon their role. Corporation’s main aim is always to make a larger economic profit but they cannot do it on the cost of the development of the nation. Corporations cannot exploit the natural resources of the some nation for their own profit giving them nothing. As they code of conducts they should follow them. Ethically if one corporation or company is following some wrong business activities, others should address those practices to governments or higher authorities to stop them making it fair for everyone.
Governments: - Mainly it is the responsibility of the nation’s government to address these practices and put a ban on these kinds of practices taking some serious actions. As, Governments make the policies and intellectual rights. They should keep a check on the international firms about their practices giving them notices at the exact time if they involve in illegal business activities. In this case, when Cuban government tried to
Nationalize the foreign business for the welfare of the Cuban economy, their imports and were seized due to US intervention in their government. Public/consumer can also contribute in addressing these practices by boycott off the products from the related firms.
3. What are the impacts of this practice? Why is it seen as unjust?
Ans.:- The impacts of this practice were very devastating for the Cuba because of this unjust Cuba’s still fighting with poverty and lack of better infrastructure and development in the nation. Despite of the efforts from Cuban President Fidel Castro, US continues with their trade barrier, as the main interest of the giant nation was to make Cuba an American colony.
It is seen as unjust because due to this unfair practice by US. Cuba is suffering from prostitution as it is a tourist place due to large number of tourists domestic unemployed people are practising prostitution to earn money.AS in 1926 U.S companies owned 60% of the Cuban sugar industry and imported 95% of the total Cuban crop. If they had followed fair practices today, Cuba would have ranked above in the list of developing nations. Every time after their independence Cuba tried, nationalizing US companies in Cuba. They had to suffer a deterioration of the trade relation. US played the same card of restrictions trade, imports and exports resulting in the fall of economy of Cuba.
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