Economy of Cuba in the context of "Women in Cuba"

The term Third World arose during the Cold War to define countries that remained non-aligned with either NATO or the Warsaw Pact. The United States, Canada, Japan, South Korea, the Southern Cone, Western European countries and other allies represented the "First World", while the Soviet Union, China, Cuba, North Korea, Vietnam, and their allies represented the "Second World". This terminology provided a way of broadly categorizing the nations of the Earth into three groups based on political divisions. Due to the complex history of evolving meanings and contexts, there is no clear or agreed-upon definition of the Third World. Strictly speaking, "Third World" was a political, rather than economic, grouping.

Since most Third World countries were economically poor and non-industrialized, it became a stereotype to refer to developing countries as "third-world." In political discourse, the term Third World was often associated with being underdeveloped. China was labeled "Third World" for several decades in the 20th century before its robust development of the 21st century. Some countries in the Eastern Bloc, such as Cuba, were often regarded as Third World. The Third World was normally seen to include many countries with colonial pasts in Africa, Latin America, Oceania, and Asia. It was also sometimes taken as synonymous with countries in the Non-Aligned Movement. In the dependency theory of thinkers like Raúl Prebisch, Walter Rodney, Theotônio dos Santos, and others, the Third World has also been connected to the world-systemic economic division as "periphery" countries dominated by the countries comprising the economic "core".

The United States embargo against Cuba is an embargo preventing U.S. businesses and citizens from conducting trade or commerce with Cuban interests since 1960. Modern diplomatic relations are cold, stemming from historic conflict and divergent political ideologies. U.S. economic sanctions against Cuba are comprehensive and impact all sectors of the Cuban economy. It is the most enduring trade embargo in modern history. The U.S. government influences extraterritorial trade with Cuba. The embargo has faced international criticism for its adverse impact on Cubans, including by the United Nations who have formally condemned it intermittently since 1992.

The U.S. government first launched an arms embargo against Cuba in 1958, with their energy and agricultural sectors targeted in 1960. The Cuban Revolution led to nationalization and a trade war with the U.S. that prompted seizure of American economic assets, including oil refineries. The U.S. retaliated with a total embargo on Cuban trade, with exceptions for food and medicine. Cuba held nuclear missiles for the Soviet Union during the 1962 Cuban Missile Crisis, which resulted in the U.S. fully blockading the island. The embargo was loosened during the Cuban thaw from 2015 to 2017, tightening sharply thereafter over human rights in Cuba.