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Policy Interventions to Boost Competitiveness of the NBT Sector

In: Oil and Gas in Trinidad and Tobago

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  • Roger Hosein

    (The University of the West Indies)

Abstract

This chapter outlines a series of policy interventions to boost the non-energy sector, in the context of a decline in the non-energy exports. The chapter highlights several possible policy interventions, these include: (1) devaluing the currency, (2) improving the Ease of Doing Business (EODB) setting, (3) building on the Rybczynski gains from the Venezuelan immigrants, (4) deepening trading ties with the country’s natural trading partner, and (5) building a more private sector-driven ETeCK Park arrangement. Several other enabling environment changes are suggested including the need for Fiscal Responsibility Legislation and a Fiscal Council, the formation of an Economic Development Board and the need for Specialized Economic Zones, alongside the formation of the NSITT.

Suggested Citation

  • Roger Hosein, 2021. "Policy Interventions to Boost Competitiveness of the NBT Sector," Springer Books, in: Oil and Gas in Trinidad and Tobago, chapter 0, pages 193-223, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-77669-5_10
    DOI: 10.1007/978-3-030-77669-5_10
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