3 ms·
The "gravity model of trade" is still approximately true which TL;DR states that it is easiest to trade the most with your largest neighbours. For Cuba, that m
by SideburnsOfDoom 5y ago
The "gravity model of trade" is still approximately true
which TL;DR states that it is easiest to trade the most with your largest neighbours. For Cuba, that means Florida (and after that, Mexico and Central American countries). Yes Cuba _can_ trade with more distant partners, but it is less preferable.
https://en.wikipedia.org/wiki/Gravity_model_of_trade https://en.wikipedia.org/wiki/Gravity_model_of_trade
https://www.economicsonline.co.uk/Global_economics/Gravity_theory_of_trade.html https://www.economicsonline.co.uk/Global_economics/Gravity_t...