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Productive Development Policies in Trinidad and Tobago: A Critical Review

Author

Listed:
  • Ramiro Moya
  • Anne-Marie Mohammed
  • Sandra Sookram

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.

Suggested Citation

  • Ramiro Moya & Anne-Marie Mohammed & Sandra Sookram, 2010. "Productive Development Policies in Trinidad and Tobago: A Critical Review," Research Department Publications 4650, Inter-American Development Bank, Research Department.
  • Handle: RePEc:idb:wpaper:4650
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    More about this item

    Keywords

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

    JEL classification:

    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean

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