UWI economist: Time to re-calibrate T&T economy

Dr Roger Hosein, senior lecturer at the University of the West Indies (UWI), St Augustine, yesterday warned that the T&T economy is in trouble. “There is the growth of shale gas in the US and while they used to buy our gas now they will be our competitor. It cannot be business as usual in the country. We need to re-calibrate the economy. There is economic activity but it is only in a few concentrated areas,” he said.

Hosein made the comments at the launch of two of his books at the Office of the Principal, UWI, St Augustine. One is the Applications of International Trade Theory: A Caribbean Perspective and the other is Informal Commercial Importers in Caricom which he co-authored with Martin Franklin, head of the Department of Economics at UWI. Hosein said Government spends too much on subsidies which does nothing productive for the economy.