This study addresses the problem of countries struggling to achieve national development despite investing in development. It aims to identify the fundamental driver of development in these scenarios by exploring the empirical impacts of investment into development projects and public sector...

This paper offers an alternative explanation of the performance of the steel industry in Trinidad and Tobago (T&T). The steel industry emerged due to social mobilizations demanding changes to the colonial economy by investing natural resources in state-led industrialization and welfare...

This paper examines economic developments in Trinidad and Tobago during 1990–94. Economic activity in 1992–93 was severely affected by a fall in output in the oil/gas sector, a sharp drop in the average oil export price, and persisting weakness in the nonpetroleum sector. As a result, real...

Trinidad and Tobago faces many difficult short- and medium-term challenges that it must address while its oil and gas wealth (projected to last another two decades) provide resources for doing so. This book concludes that the citizens have the requisite political will to implement the difficult...