CONTACT Magazine (Vol.18 No.1 – April 2018)
The first issue of the rebranded CONTACT Magazine — with a brand new editorial and design direction — produced by MEP Publishers for the Trinidad & Tobago Chamber of Industry & Commerce
The first issue of the rebranded CONTACT Magazine — with a brand new editorial and design direction — produced by MEP Publishers for the Trinidad & Tobago Chamber of Industry & Commerce
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transforming t&T<br />
Desperate<br />
for change<br />
Critically dependent on Trinidad, and<br />
badly hurt by the prolonged turmoil on<br />
the seabridge, Tobago is in urgent need<br />
of transformative action<br />
WORDS By: hiLlary young<br />
For economic transformation to take place in Tobago, the island must<br />
identify and develop its own industries, says Tobago-born UWI economics<br />
lecturer Anthony Birchwood. And “once the industries are identified, the<br />
youths must be part of any development going forward.”<br />
Tourism and manufacturing will benefit from investment flows, both<br />
international and local. But development must be driven by the private sector, or by<br />
the government/Tobago House of Assembly (THA) <strong>–</strong> or both.<br />
The THA’s plans<br />
The Tobago House of Assembly documented its proposals for Tobago’s economic<br />
development in its Comprehensive Economic Development Plan (CEDP) 2.0.<br />
Covering the island’s development from 2013 to 2017, the policy framework<br />
showed how the THA wants to “transform and diversify the Tobago economy ... to<br />
adjust to rapid changes in the national and international economies”.<br />
The plan concentrated on eight strategic areas:<br />
• good governance and institutional reform<br />
• business development and entrepreneurship<br />
• human capital development<br />
• social development and resilience<br />
• improved infrastructure and utilities<br />
• enhanced safety and security<br />
• environmental sustainability<br />
• branding Tobago “Clean, Green, Safe and Serene”.<br />
32<br />
Trinidad<br />
and Tobago Chamber<br />
of Industry and Commerce<br />
www.chamber.org.tt/contact-magazine