2017: Cuba, the eternal obstacle race

A 1.6 percent GDP growth in 2017 is keeping the Cuban economy far from the level demanded for development, while obstacles access to hard currency continue and from the United States the blockade policy is sending signs of getting worse.

Among the export sectors, tourism is almost an oasis, when incomes from medical services to other countries and the traditional exports have a tendency to decrease. State and foreign investments can be speeded up with the renegotiation of the foreign debt. The updating of the economic and social model also introduced novelties in 2017 in state-run enterprises and private businesses, but after seven years a feeling of dissatisfaction among the population and the authorities due to the speed of the changes has started being perceived. Leer más

Employment and new labour code

The current labour conditions referred to in the new Labour Code will only be real opportunities for persons if they are coordinated with other policies that must accompany the implementation of this labour regulation. The active and promoting policies of innovation must be directed at both the state-run and non-state sectors, as dynamic and innovative economic spheres. They must also focus on the optimum use of the Cuban population’s qualification, in three basic directions: increase the remuneration in a segment of excellence linked to strategic objectives, expand the wage differentiation with greater emphasis on work complexity and results; make more flexible the labour mechanisms in the state-run sector and other forms of ownership.