Based on Module 4 (pages 121-157) "Latin America" of the book "A History of the Global Economy" by Joerg Baten, looking at Latino America which is a mixture of countries of different sizes, geography, population, socio-economic structures, and factors endowments, discuss in detail the institutions which have affected the success /or failure of economic development during the 20th century up to the present of Cuba.

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1 Colonial Institutions During the early 20th century Cuba was under Spanish colonial rule The institutions established by the Spanish such as the enc... View the full answer