Productive Development Policies in Trinidad and Tobago: A Critical Review
Date issued
Jan 2010
Subject
Industrial Policy;
Public Utility
JEL code
L52 - Industrial Policy • Sectoral Planning Methods;
O25 - Industrial Policy;
O54 - Latin America • Caribbean
Country
Trinidad and Tobago
Category
Working Papers
Even as Trinidad and Tobago seeks productive diversification away from the energy sector, the process underlying the countrys 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.