A Harvard University professor emeritus, Jorge Dominguez, PhD, has a research focus on Latin America. Speaking on his edited volume The Cuban Economy in a New Era: An Agenda for Change toward Durable Development, Dr. Jorge Dominguez brought focus to one potential pathway of growth for Cuba in boosting exports of agricultural products worldwide.
As part of a foreign direct investment (FDI)-centered effort led by President Miguel Diaz-Canel, this could bypass the trade embargo placed on it by the United States by centering on high-value Canadian and European markets. In addition, there are stateside efforts, led by organizations such as the U.S. Agriculture Coalition for Cuba, underway to change the status quo.
With one-third of the island nation currently operated by private farmers, areas of Cuban export expansion potential include tropical fruits and the tobacco used in its top-quality cigars. Unfortunately, the state-owned agricultural enterprises that are a legacy of communism are not modern or efficient enough to allow major export growth to happen. For this reason, FDI needs to be sought to finance the major upgrade in equipment necessary to achieve a competitive international Cuban market presence.