Trinidad and Tobago Industrial Policy 1959-2008: A Historical and Contemporary Analysis
Trinidad and Tobago is the primary supplier of Liquified Natural Gas (LNG) to the United States. How did this twin island nation states, with less than 0.5 per cent of the world’s natural gas reserves establish itself as a world class gas export hub, becoming the world’s largest exporter of commodity chemicals methanol and ammonia? Wendell Mottley answers these questions in Trinidad and Tobago Industrial Policy.
In examining how the resulting accretion of wealth has affected the social and political polity of Trinidad and Tobago, Mottley traces the resource-led development tin a democratically emerging political economy while analysing the policy errors and new directions for the future. The book differs from other son the subject of natural resource development by examining the experience of the democracy and not an autocracy.
Mottley reveals, as only an active participant could, how fragmented the development of Trinidad and Tobago’s industrial policy was – experimental, subject to reverses and aided by the sheer luck of good timing and the intervention of talented individuals. Combining his observations in his native Trinidad and Tobago with a rigorous and illustrative economic and financial analysis born of his own scholarship – as an economist and his vantage point as an international investment banker – Mottle presents a plan for Trinidad and Tobago’s sustainable economic future while offering a solid contribution to the literature on natural resource-based development. Engaging and provocative, Trinidad and Tobago Industrial Policy will be equally valuable to players in the international energy industry as well as students of development economics.
- Table of Contents
- List of Acronyms
- List of Major Companies in the Energy Industry
- Chapter One: THE BEGINNINGS OF NATIONAL INDUSTRIAL POLICY IN TRINIDAD AND TOBAGO
- Chapter Two: THE STATE AS ENTREPRENEUR
- Chapter Three: THE STATE AS FACILITATOR
- Chapter Four: PATH-BREAKING ANALYSIS AND THE GENERATION OF DEMAND
- Chapter Five: TODAY’S U.S. GAS MARKET – THE CULMINATION OF ‘THE PERFECT STORM’
- Chapter Six: THE SOCIAL AND ECONOMIC IMPACT OF THE PRACTICE OF INDUSTRIAL POLICY IN TRINIDAD AND TOBAGO
- Chapter Seven: SOCIAL AND ECONOMIC UNDERPINNINGS – THE MANDATE FOR CHANGE
- Chapter Eight: CARIBBEAN IMPACT
- Chapter Nine: THE TRINIDAD ENERGY EXPERIENCE – ITS WIDER RELEVANCE
- Chapter Ten: INDUSTRIAL POLICY OPTIONS – THE FUTURE
- APPENDIX I — CASE STUDIES:DOMESTIC ENERGY SECTORENTREPRENEURSHIP
- APPENDIX II: TRINIDAD COMPETITIVE ADVANTAGE OVER VENEZUELA DEBT FINANCE