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Productive Development Policies in Trinidad and Tobago: A Critical Review

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  • Ramiro Moya
  • Anne-Marie Mohammed
  • Sandra Sookram
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    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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    Bibliographic Info

    Paper provided by Inter-American Development Bank, Research Department in its series Research Department Publications with number 4650.

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    Date of creation: Jan 2010
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    Handle: RePEc:idb:wpaper:4650

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    Keywords: Industrial policy; Productive development policies; Diversification; Caribbean; Trinidad and Tobago;

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