In natural resource management, the “trinity of transparency” centers on knowing how much a country earns from the development of its oil, gas or mining resources, who its partners/producers are, and whether the terms of its contracts are favourable to the country. Luckily, for Trinidad and Tobago (T&T), these questions can now be easily answered thanks to some pioneering … [Read more...] about Lifting the Lid: Will Contract Disclosure Save or Sink Trinidad and Tobago’s Extractive Sectors?
Trinidad and Tobago
By: CAROLINA GONZÁLEZ VELOSA and MARÍA EUGENIA DE DIEGO Some countries are luckier than others. In Latin America and the Caribbean, some have been endowed with an abundance of oil, gas and mineral reserves. This is the case for Chile, Colombia and Peru, where mineral extraction and oil drilling have been important sources of income. However, this abundance can backfire in … [Read more...] about The Future of Trinidad’s Economy Depends on the Skills of its Workforce, Not on Oil and Gas
By Nazera Abdul-Haqq Imagine your reaction if you heard that a person holding public office was found to have fraudulently acquired oil, gas or mining contracts by using the name of a company that he or she secretly owns? Or, what if tomorrow’s newspaper headlines read: “Businessman found financing $TT 6 billion through a company set up in wife’s name.” It is likely that you … [Read more...] about Secret Company Ownership Disclosure – EITI Tackling the ‘Eat Ah Food’ Mentality in T&T
Education and training are important determinants of firm performance. Through a well-educated and trained workforce, firms have better access to information, expertise, and knowledge which can enhance their productivity and competitiveness. Firms with more educated owners or entrepreneurs also tend to perform better in terms of sales and profits and are more likely to have … [Read more...] about Are Employers in Trinidad and Tobago just ‘whining’, or is the ‘skills’ problem real?
The main revenue earner and driver of economic growth -the energy sector- has crashed. Trinidad and Tobago is increasingly looking towards other players in the economy -the private sector- to take on a greater role in stimulating an economic recovery by increasing investment and employment, and earning foreign exchange. The question is whether the private sector in its … [Read more...] about How can Trinidad and Tobago’s private sector become an innovative driver of growth?