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Economy, Manufacturing

economic blockade, refined petroleum, poor planning, financiers, new avenues

Manufacturing has never played a major role in Cuba’s economy, largely because most financiers opted to invest their money in the lucrative sugar industry. Sporadically throughout the 20th century, Cubans tried to diversify the economy in order to create new avenues for income and additional opportunities for employment and technology. However, Cuba hindered efforts to diversify with poor planning and management. In addition, the U.S. economic blockade hurt these efforts.

In the early 1970s, Cuba undertook a program to automate its sugar industry. The dairy and cattle industries were also streamlined. Other major manufactures include cement, steel, refined petroleum, rubber and tobacco products, processed food, textiles, clothing, footwear, chemicals, and fertilizer.



Article key phrases:

economic blockade, refined petroleum, poor planning, financiers, new avenues, processed food, tobacco products, footwear, cement, income, textiles, clothing, major role, rubber, chemicals, steel, employment, money, program, Manufacturing, efforts, technology, management, order

 
 

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