Economic diversification in Trinidad and Tobago is imperative, although diversification away from the energy sector has largely failed. A country with a perfectly diversified export portfolio will have an index close to 0 (most diversified), whereas a country that exports only one product or to one country will have a value of 1 (least diversified). In Trinidad and Tobago, … [Read more...] about Why we need Economic Diversification in Trinidad and Tobago
Trinidad and Tobago
By Adria Armbrister Trinidad and Tobago is a twin-island nation associated with fun, sun, soca and Carnival. But the day after Carnival in February of 2016 brought memories of good times as well as news of the violent murder of a foreign visitor, Asami Nagakiya, a Japanese musician. The case made international news for many reasons. First, because the institutional response … [Read more...] about Why Trinidad and Tobago needs Data on Intimate Partner Violence
Procurement Right from Caribbean Country Department IDB on Vimeo. Public Procurement refers to the spending of taxpayers' money by the government to acquire various goods and services for delivery to the public. Better road networks, hospital facilities and schools are just a few of the public goods that procurement delivers. Considering the limited resources available … [Read more...] about The People’s Money: Getting Procurement Right
Two Trinis walk into a Metro station late at night, one male, one female wearing nothing but what can only be referred to as tightie whities, hospital shoes, fish headpieces and some sort of wing contraption. What sounds like the … [Read more...] about Carnival Tabanca is an affliction and the Carnival Gateway is your cure
The economic literature of ‘investment under uncertainty’ has been used in many different contexts: investment of manufacturing firms, in financial instruments, etc. But perhaps the best application of the theoretical model is related to oil and gas investment. A recent paper, IDB-WP-661, brings these lessons to Trinidad and Tobago, discussing the dos and don’ts of taxation … [Read more...] about The Thin Blue Line of a Long Horizon: How much should Trinidad and Tobago Tax Policies Encourage Oil and Gas Investment?