Abstract
At the time of the revolution in 1959, the Cuban economy had an extremely narrow productive base centred primarily on sugar-cane production and processing. Sugar-cane accounted for half the total crop area while raw sugar and its by-products made up more than 80 per cent of the country’s exports (Benjamin et al., 1984, pp. 9–10). A capital goods industry was virtually non-existent. Most industrial activity centred on the processing of sugar-cane, the production of textiles and a limited number of food products. Tertiary-sector activities, including those associated with tourism, constituted a relatively important area of economic activity.
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© 1992 United Nations Research Institute for Social Development
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Utting, P. (1992). Cuba. In: Economic Reform and Third-World Socialism. International Political Economy Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-22095-3_5
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DOI: https://doi.org/10.1007/978-1-349-22095-3_5
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-22097-7
Online ISBN: 978-1-349-22095-3
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