Overview

The book first looks at the history of the economy of Trinidad and Tobago since the second World War and catalogues the country's cycles of boom and bust since then. The country is heavily dependent on oil and natural gas for its economic fortunes and the economic cycles over the years have generally been as a result of the fluctuations of the international price levels of oil and gas. The book puts forward a specific prescription (the economic value added concept) that had been espoused by the great economic philosophers of the past (Adam Smith, Henry George, David Ricardo, John Stuart Mill and Leon MacLaren), of which modern day economic thought and policy have largely ignored or forgotten. Specifically it will deal with: - - The Unequal Values of the Factors of Production in the twin island state - Land, Labour and Capital. It explores this inequality and seeks to determine the true cause(s) for the pervasive poverty in the country despite the windfalls received? Find out more about this here! - How Taxation is applied in the country. Is this the reason for declining employment opportunities, low business start-ups, business failure, and business recession? Find out about this and why! - Why most income earners are never be satisfied with the purchasing power of their wages or salaries? - What has hampered trade with other countries and the one reason that has caused this! A lesson for other countries. - Why the country's banking policies have only served the privileged and what can be easily done about this so that ALL can be served! - What is missing in the climate change and environmental conservation discussions, and it's right in front of the citizens! Another leason for other countries - Why Public Health and Public Education Systems and Institutions in the country are failing and what can and must be done about them! - The Breakdown of law and order and the criminal gang problem (economic analysis of social issues and public policy). What are the true causes and what can be done about these?! - Balancing the Private and Public Sectors, Natural Resources and Enlightened Public Ownership Policies so that All may citizens may reasonably participate instead of a select few! - How can an enlightened paradigm shift be successfully implemented so that All of its citizens be given a chance (economic justice for all)! This book facilitates the growth of economic thought and is ideal for beginners on the subject as well as those more seasoned! It's a Must-Read so get your copy Today!

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9781516996933

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