A Future without Oil? Diversifying Options for Trinidad and Tobago

Francisco Carneiro, Rohan Longmore (), Marta Riveira Cazorla () and Pascal Jaupart ()
Additional contact information
Rohan Longmore: World Bank
Marta Riveira Cazorla: World Bank
Pascal Jaupart: London School of Economics

World Bank - Economic Premise, 2014, issue 142, 1-7

Abstract: Trinidad and Tobago (T&T) is an example of successful diversification within the oil and gas sector and the country is now a global player in the energy industry. Diversifying its asset base so that the nonresource sector can continue to grow and generate jobs once the country’s oil reserves are depleted is also an important priority for Trinidadians. With reserves of oil and gas in T&T expected to be exhausted by 2025–30, the government is focusing more and more on options for diversification. Although many countries have grown and improved their development outcomes while remaining highly dependent on natural resource rents, the obvious concern is what will be the sources of growth for the country when oil runs out? In this context,this note identifies the binding constraints and potential drivers to further economic diversification in T&T.

JEL-codes: E2 O2 O4 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://siteresources.worldbank.org/EXTPREMNET/Resources/EP142.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wbk:prmecp:ep142

Access Statistics for this article

More articles in World Bank - Economic Premise from The World Bank 1818 H Street, N.W., Washington, DC 20433. Contact information at EDIRC.
Bibliographic data for series maintained by Michael Jelenic ().