Dedicated to our favorite young fans who want to learn about economies all over the world.  

Cuba is a Command Economy

  This means the government

  regulates supply and prices                  for Jose and his family

In Cuba, most employees like Jose are employed by the State

Cuba Fun Facts

Baseball is the National Sport

Coastline is 3500 miles of beach

Largest exports are tobacco and sugar

Jose loves playing baseball on the beach

JOse is meeting the leader of Cuba  - Miguel Díaz-Canel

Government control has begun to relax but they are still maintain control over the economy

Jose can own a private business now if he wants to in order to make more money

Hope you enjoyed your journey with Jose through the Cuban Economy

Lets go to China

Manufacturing, services and agriculture are the largest sectors of the Chinese economy 

The Chinese Government has been responsible for planning and managing the national economy.   This is called Socialism.

China is agricultural.  Jose farms for rice, wheat and potatoes.

Economic development was aided by imports of machinery and other industrial equipment from USSR and East European countries

Fun facts about China - 

3rd largest country in the world

Toilet paper was invented in China

Ping Pong is the national sport. 

Jose loves to play!

The discovery of mineral deposits that gave way to a big push toward industrialization