chapter  10
12 Pages

PETRO-DEVELOPMENT IN TRINIDAD AND TOBAGO

WhileGuyanaandJamaicawereexperimentingwithversionsof socialismthecountryofTrinidadandTobagowasembarked uponamuchmoretraditionalapproachtodevelopment.Under theleadershipofPrimeMinisterEricWilliams,Trinidadand TobagoresolutelysetitselfinoppositiontoLeftistcurrentsin theregion.Intermsofdevelopmentstrategythisconservatism primarilytooktheformofcontinuedeffortstoattractprivate investmentcapitalfromabroad.Evenso,asweshallsee,Trinidad andTobago'sapproach~asnotidenticaltothatofthe1950s and1960s.Inparticular,thegovernmentwascalleduponto playamuchmoreactiveroleintheeconomythaninclassic dependency-anexpandedrolewhichwasfeasiblesincethe countrybenefittedfromitspositionaspetroleumproducerand exporter.