While the report that T&T has been removed from the list of countries which now qualify for development aid from the Organisation for Economic Co-operation and Development (OECD) countries would understandably elicit an expression of pride, it ought not to be viewed with ecstacy and euphoria. What this entails is that a source of assistance (including technical assistance), which had hitherto been available to this country, has been closed off. It has been reported that the British high commissioner has suggested that the reason for the reclassification on the part of the OECD that T&T may have reached "developed country status" (according to OECD measurements) is due to the relatively high national income which this country enjoys.
I am left to wonder whether the countries of the OECD, most of which are in financial straits at present due to the global economic downturn, may be on the lookout for countries which they can hive off from receiving further development assistance. In this regard, T&T has to be high on the list. It must be pointed out, however, that a high per capita national income, indeed even a high per capita real national income, is not in itself a sufficient measure of developed country status. Of fundamental importance to any measurement is the distribution of such income among the population and the associated criterion of the poverty index.
In fact, what is required is an index of the level of living, as demonstrated not only by equitably distributed per capita real national in- come but also by the level of social services, such as health, education and family services, care of the youth, the aged, the disabled, and the dispossessed. Indeed, a situation wherein no citizen has reasonably been left wanting. In short, developed country status is attained when the population of a country is able to subsist comfortably in an economy which is self-reliant and growing at a rate such that its citizens can expect an increasing level of average real income. Also involved is the existence of a political system and institutions which are accommodating and are generally accepted by the population. Has T&T attained the fundamental criteria to justify its being reclassified? We await the OECD.
Errol OC Cupid
Trincity, Tacarigua
