Productive%20Development%20Policies%20in%20Trinidad%20and%20Tobago%3A%20A%20Critical%20Review

Working Papers

Productive Development Policies in Trinidad and Tobago: A Critical Review


CODE: IDB-WP-115
AUTHOR(s): Mohammed, Anne-Marie , Moya, Ramiro , Sookram, Sandra
PUBLISHED: January 2010
LANGUAGE: English
RELATED TOPICS: Government and Democracy
DOWNLOAD FILE IN: English

Abstract:

Even as Trinidad and Tobago seeks productive diversification away from the energy sector, the process underlying the country’s productive development policies (PDP) is in a state of transition from state-directed industrial policy to a newer approach with extensive private-public participation. This study explores the main characteristics of four PDPs in Trinidad and Tobago and reviews them following the related literature (e.g., Rodríguez-Clare, 2005a and 2005b, and Melo and Rodríguez-Clare, 2006). The four PDPs are: a) The process towards the Promotion of Clusters; b) the PDPs for the Tourism industry; c) the classical PDPs for Micro, Small and Medium Enterprises and; d) the Free Trade Zone as a policy designed to compensate for the failure of the State.

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