The Cuban Immigrants in Miami: Impacts and Fluctuations in the Economy

Abstract

This report is an evaluation of the economic effects that the mass migration of Cuban refugees have had on Dade County during the Castro regime, 1959 to 1987. The paper first explains the background information which lists the reasons and reactions of the seven specific immigration waves. And, moves into the analysis, were financial expenditures/social welfare, international trade and employment, unemployment and socioeconomic standing are discussed. After researching and analyzing the effects of the Cuban immigration, some conclusions may be drawn: 1. The federal government, local government and private agencies have taken the burden of the costs for aid to Cuban American social welfare and since most of the money is spent in Dade County, Miami prospers with improved economic activity. 2. International trade has been stimulated over the thirty year period, especially to Latin countries because of dual language capabilities. Many international companies have set up bonds in "Little Havana". 3. With the influx of Cubans, Miami's unemployment rate has stayed relatively low and stable, employment has been constantly increasing over the past thirty years and Cubans, themselves come forth as highly skilled and motivated workers. Therefore, there has been a growth in spending, international trade and employment. Unemployment has remained relatively stable and Cubans have received affluence as highly skilled immigrants.