IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/26360.html
   My bibliography  Save this paper

Cuba: the surge of export-oriented services

Author

Listed:
  • 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
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/26360/1/MPRA_paper_26360.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    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

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:26360. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.