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Cuba: the surge of export-oriented services

Author

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  • Gabriele, Alberto

Abstract

Since the inception of the special period and the loss of its traditional export markets for sugar and other goods, Cuba has turned towards services as new sources of foreign exchange. Tourism has been reactivated and its performance has been broadly satisfactory, yet its long term growth potential should not be overstated. Since the mid-2000s, a new sector - professional services - has become the island's largest foreign exchange earner. Cuba's comparative advantage in this sector is the product of decades of human capital investment in social services. Yet, the sustainability of Cuba's present trade structure cannot be taken for granted. In the future, export-oriented professional services, and the health cluster in particular, might not only contribute to release the balance of payments constrain, but also play a pivotal role in steering the evolution Cuba's economy towards a knowledge-based development path. To this purpose, however, major changes in the area of industrial and macroeconomic policies are required.

Suggested Citation

  • Gabriele, Alberto, 2010. "Cuba: the surge of export-oriented services," MPRA Paper 26360, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:26360
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    File URL: https://mpra.ub.uni-muenchen.de/26360/1/MPRA_paper_26360.pdf
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    References listed on IDEAS

    as
    1. Vidal Alejandro, Pavel & Fundora Fernández, Annia, 2008. "Relación comercio-crecimiento en Cuba: estimación con el filtro de Kalman," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), April.
    2. Gabriele, Alberto & Schettino, Francesco, 2007. "Child Malnutrition and Mortality in Developing Countries: Evidence from a Cross-Country Analysis," MPRA Paper 3132, University Library of Munich, Germany, revised Jul 2007.
    3. Fiala, Nathan, 2008. "Measuring sustainability: Why the ecological footprint is bad economics and bad environmental science," Ecological Economics, Elsevier, vol. 67(4), pages 519-525, November.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Socialism; Cuba. Public Services;

    JEL classification:

    • B14 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Socialist; Marxist
    • N16 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Latin America; Caribbean

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