We must also understand that with the advance of the Fourth Technological Revolution those qualified resources can be disqualified with a certain speed if the country does not join it at the appropriate speed. Your email address will not be published. It is what in economists’ jargon would be called GDP and exports highly depend on imports, something that has been studied and demonstrated by more than one doctoral thesis. Foreign investment appears as one of those opportunities to break the cycle. [1] Foreign Direct Investment in Latin America and Caribbean, ECLAC, 2018. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. The truth is that Cuba, based on the size of its market, is not one of those destinations preferred by investment flows. To make efficient use of the valuable human resources and the qualified and scientific workforce that we have thanks to the great educational work of the Revolution. National Office of Statistics, Republic of Cuba, Cuba Coronavirus Cases at 7487.00 Persons, Cuba Coronavirus Deaths at 131.00 Persons, Cuba Crude Oil Production at 50.00 BBL/D/1K, Cuba Fiscal Expenditure at 65497.50 CUC Millions, Cuba GDP Constant Prices at 57025.00 CUC Million, Cuba Government Budget Value at -8091.30 CUC Millions, British Shares Close Lower, Still Post 7% Weekly Gain, Colombia Retail Sales Drop Less than Expected in September, South Africa Stocks End Higher for 2nd Week, Colombia Industrial Output Falls at a Softer Pace in September, Dow Jones and S&P 500 Extend Weekly Gains. The socialist state enterprise is probably the economic entity that has experienced the most changes in all these years. That “getting it” takes between 12 and 17 years, making it one of the “investments” that takes the longest to recover. In 2018, GDP for Cuba was 100,023,000,000 billion US dollars. From this perspective, the problem not only lies in creating new jobs in the state sector, but to create jobs where productivity levels are higher, where higher added value is generated, where exports of greater technological complexity can be generated. Curated by Knoema’s data analysts to deliver leading short-term and long-term indicators and forecasts from trusted sources for each of the covered industries. Download historical data for 20 million indicators using your browser. It is necessary to be more coherent with the Conceptualization of the Economic and Social Model and more systematic and precise in the implementation of the Guidelines of the Economic and Social Policy of the Revolution.

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