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Trinidad And Tobago Case Study

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Trinidad and Tobago is located in the south eastern corner of the Caribbean plate. It is a land where there is three oil and two gas provinces located on land, Gulf of Paria also in East Coast and North Coast Marine area. Trinidad and Tobago has been involved in the oil and gas business for over a hundred year and within that hundred years they have been exploiting land and shallow waters. In this research paper, it speaks about the factors that lead to the oil prices within Trinidad and Tobago from the period 2010-2016 and how they intend to resolve the problem.
Being the richest country in the Caribbean, Trinidad and Tobago has been experiencing some economic problems in their economy since the world oil prices has fallen and prolonged. The …show more content…
Better management is referred to as for. We need to position capable humans to manipulate our economic system and forums, and now not just deliver positions to people who pay to play. Higher economic, technical, operational, maintenance, human resources, monetary and funding selections want to be made inside the interest of the people and the complete T&T economy. And they want to stamp out corrupt practices once and for all, before our price is called. Extra funding and much less intake an economic system can grow if it invests and produces objects that others want to buy. Too much of their spending is on objects that ultimately disappear, rot, pass awful or get stolen, in place of on gadgets to be able to convey us future wealth. They spend too little on keeping the items that they already invested in colleges, hospitals, churches, homes, factories, roads, and many others. Educate for the future and this is not simply a central authority problem. Trinidad and Tobago is a small, tiny, puny island wanting to alternate with the relaxation of the arena. A second language have to be obligatory in faculties, for example. They should adopt learning the language of the new superpower. T&T must begin to realize that they are the

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