From Growth to Prosperity: Policy Perspectives for Trinidad and Tobago

Daniel Artana, Wendell Thomas, Liliana Rojas-Suarez, Fernando Navajas, Juan Luis Bour, Christopher Vignoles, Dennis Brown, Fidel Jaramillo, Deryck Omar, Rolph Balgobin, Anneke Jessen, Carlos Elías, Edwin St. Catherine, Camila Rodríguez, Ralph Henry, Ann Rajack-Talley, René Cortázar, David Rabkin, Michael Fairbanks and Marcela Escobari

No 278 in IDB Publications (Books) from Inter-American Development Bank

Abstract: The topics covered in the chapters of the report were presented and discussed in a conference organized by the IDB in Port of Spain on July 13th, 2004. After more than a decade of economic growth and despite encouraging prospects for the future, the Trinidad and Tobagp economy remains overly dependent on the oil and gas sector, the public sector lacks capacity, and pockets of poverty persist. How can the country promote sustainable and equitable development, and thus reduce poverty? The Government of Trinidad and Tobago, in consensus with major stakeholders, has confronted this question in its Vision 2020 - an ambitious program that calls for Trinidad and Tobago to achieve developed-country status by the year 2020. As the country sets out to meet this longer term goal, it must begin to tackle some pressing development challenges in the short to medium term, including economic diversifi cation through private sector development, modernization of the public sector and improved social services. In this context, we believe the timing of this report to be most opportune. To achieve sustainable growth and to benefit its citizens more equitably, the country must continue to grapple with major issues. This report sheds light on some of the most pressing ones.

Keywords: economic cycles; GDP; growth; dual economy; competitiveness; oil boom; public debt; energy wealth; resources; fiscal policy; poverty; antipoverty programs; labor market; institutions; labor legislation; international trade; exports; services; CARICOM (search for similar items in EconPapers)
Date: 2006
ISBN: 159782030X
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