| During the 1970s the Trinidad and Tobago (T&T) economy experienced an oil boom because of increases in the level and production of crude oil and in the price each barrel of crude oil fetched on the international market. In the late 1990s to the present, the T&T economy has benefited from another hydrocarbon boom. This paper traces the trends in export agriculture, sugar and domestic agriculture during the first and second oil booms. Using the falling share of labour employed in a sector as a reflection of de-industrialization, the analysis reveals that during the first oil boom all three components of the agricultural sector were de-industrialized although in the period until 1993 these same sectors showed clear signs of re-industrialization.... |
