Seminar paper from the year 2015 in the subject Economy - Environment economics, grade: 1,7, Berlin School of Economics and Law, language: English, abstract: This paper investigates welfare effects of embargoes based on the following research question: How does the embargo of the United States affect economic and social development in the Republic of Cuba? Firstly, a general introduction and historic outline about the development of the US embargo imposed on the centrally planned island Cuba will be provided, especially focussing on the post-Soviet Union era. Secondly, a research gap has been...