CIAO DATE: 7/00

Global Economics and Local Politics in Trinidad's Divestment Program

Abstract

This study focuses on the complex interaction between local political, social, and economic exigencies and the imperatives of the global economy in Trinidad. Local systems operate according to the perceived needs of their elites and the moral codes and biases of the political culture. In Trinidad, the dominant biases have to do with racial competition. For more than five decades, efforts have been made to use the state to extend economic rights to underprivileged Afro-Trinidadians. In the mid-1980s, however, a shift in macroeconomic thinking led to liberalization and a growing gap between the traditional nationalist/statist ideology and the actual decisions of political elites. This paper explores this unresolved incongruity through a case study of Petrotrin, the national petroleum company that oversees the fast-growing oil and gas sector.

View Full Text