Industry
In total, industrial production accounted for almost 37% of the Cuban GDP, or US$6.9 billion, and employs 24% of the population, or 2,671,440 people, in 1996.
More recently Cuba's world-class biotechnology and pharmaceutical industry is gaining in its importance to the economy. It has been claimed that soon it will become Cuba's main source of foreign exchange. Among the products sold internationally are vaccines against various viral and bacterial pathogens, and promising anti-cancer vaccines are undergoing exhaustive clinical trials. Some Cuban scientists, like V. Verez-Bencomo, have been awarded international prizes for their contributions in biotechnology and Sugar Cane. Cuban vaccines are sold, among other countries, in Russia, China, India, Pakistan, and several Latin American countries. For example, the drug Heberprot-P has been developed as a cure for diabetic foot ulcer and has had success in many Third-World Markets.
Read more about this topic: Economy Of Cuba
Famous quotes containing the word industry:
“... we’re not out to benefit society, to remold existence, to make industry safe for anyone except ourselves, to give any small peoples except ourselves their rights. We’re not out for submerged tenths, we’re not going to suffer over how the other half lives. We’re out for Mary’s job and Luella’s art, and Barbara’s independence and the rest of our individual careers and desires.”
—Anne O’Hagan (1869–?)
“He had much industry at setting out,
Much boisterous courage, before loneliness
Had driven him crazed;
For meditations upon unknown thought
Make human intercourse grow less and less....”
—William Butler Yeats (1865–1939)
“For almost seventy years the life insurance industry has been a smug sacred cow feeding the public a steady line of sacred bull.”
—Ralph Nader (b. 1934)