Notes

• Author: Wendell Mottley
• Profession: New York-based Investment Banker having previously served as executive director of the company which eventually became the pivot of Trinidad and 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
• Pages: 219-226

219

NOTES

NOTES

Introduction

1. Republic of Trinidad and Tobago, Ministry of Finance, Review of the

Economy 2007 (Government of Trinidad and Tobago, Port of Spain,

2007), Appendix 3.

2. United Nations Development Programme, ‘Human Development

Report 2007/2008’.

Chapter One

1. Independence was gained in 1962.

2. Republic of Trinidad and Tobago, Ministry of Finance: Review of the

Economy 2007. (Government of Trinidad and Tobago, Port of Spain,

2007), 60.

3. These disturbances became known as the Black Power Marches, a

series of protest action by largely unemployed urban youth.

Chapter Two

1. ‘Accounting for the Petro Dollar 1973-1983, Republic of Trinidad

and Tobago, Ministry of Finance’, Table LII and LIV (1985).

2. Dr Eric Williams, ISCOTT Commemorative Speech (October 1977).

3. Dr Kenneth Julien, The Emergence of the National Energy Sector, Central

Bank of Trinidad and Tobago (2005).

Chapter Three

1. Wage increases of 120 per cent were granted between 1981 and 1983.

2. Trintomar was an ambitious government attempt to venture into the

exploration and production of gas. The resource basin was improperly

delienated so that production fell far short of projections, resulting

in the financial collapse of the project.

3. John Andrews, Petroleum taxation in Trinidad and Tobago (2004).

4. Note sent to the author by Trevor Boopsingh, dated 2006/06/25,

after reading an earlier draft of this manuscript.

5. Discussion with Mr Barry Barnes, former Minister of Energy and

Energy Enterprises (2003).