ABSTRACT

The Cuban economy, once the envy of the Caribbean and Latin America, has struggled and languished behind many of its counterparts. In the past, economic and political decisions have tended toward quick fixes rather than sustainable, long-term, integrated growth strategies in the development of the economy. Cuba’s traditional way of thinking has focused on identifying “the one” industry or “ally” that would drive the future of Cuba—from sugar exports to Russia, to tourism, to medical services, to Venezuela, to small business. Today, Cuba is moving away from a mindset of monoculture toward an integrated, multipronged approach to economic development and sustainability based on tourism, small business, services, mining, fisheries, and oil.