Wendell Mottley is a New York-based Investment Banker having previously served as executive director of the company which eventually became the pivot of Trinidad adnd Tobago’s natural gas-led industrialization and as Minister of Finance, credited with playing a decisive role in setting Trinidad and Tobago on a sustained path of growth from 1994 onwards. Mottley Launched his Book at T&T High Commission during Black History Month, October in London.
Trinidad and Tobago Industrial Policy by Wendell Mottley
Trinidad and Tobago is the primary supplier of Liquified Natural Gas (LNG) to the United States. How did this twin island nation state with less than 0.5 per cent of the world’s natural gas reserves, establish itself as a world class gas export hub, also becoming the world’s largest exporter of commodity chemicals methanol and ammonia? Wendell Mottley answers these questions in Trinidad and Tobago Industrial Policy.
In examining how the resulting accretion of wealth has affected the social and political polity of Trinidad and Tobago, Mottley traces the resource-led development in a democratically emerging political economy while analyzing the policy errors and new directions for the future. This book differs from others on the subject of natural resource development by examining the experience of a democracy not an autocracy.
Mottley reveals, as only an active participant could, how fragmented the development of Trinidad and Tobago’s industrial policy was – experimental, subject to reverses, and aided by the sheer luck if good timing and the intervention of talented individuals. Combining his observations in his native Trinidad and Tobago with a rigorous and illustrative economic and financial analysis born of his own scholarship as an economist and his vantage point as an international investment banker, Mottley presents a plan for Trinidad and Tobago’s sustainable economic future while offering a solid contribution to the literature on natural resource based development. Engaging and provocative, Trinidad and Tobago Industrial Policy will be equally valuable to players in the international energy industry as well as students of development economics.
Contents
1. The Beginnings of National Industrial Policy in Trinidad and Tobago
2. The State as Entrepreneur
3. The State as Facilitator
4. Pathbreaking Analysis and the Generation of Demand
5. The US Gas Market at the beginning of the Twenty-first century
6. The Social and Economic Impact of the Practice of Industrial Policy in Trinidad and Tobago
7. Social and Economic Underpinnings – the Mandate for Change
8. Caribbean Impact
9. The Trinidad Energy Experience – Lessons and its Wider Relevance
10. The Future – Industrial Policy Options
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