Trinidad and Tobago faces the challenges of managing an energy-based economy

Summary

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The crisis of the 1980s. Recovery in the mid-1990s. Policy framework and challenges ahead.

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Trinidad and Tobago faces the challenges of managing an energy-based economy

The Trinidad and Tobago economy is the largest among member countries of the Caribbean Community (CARICOM), with a gross domestic product in 2000 of almost $8 billion.

Since the discovery of petroleum in the 1950s, the relative importance of agriculture has declined, while the role of the energy sector has increased markedly. This latter sector--which comprises oil, liquefied natural gas (LNG), and LNG-based indust...

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