January 2007
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4 Reads
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4 Citations
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Citations (1)
... The Government of the Republic of Trinidad and Tobago (GORTT) came to rely on the export taxes from the oil industry for revenue for public finance. This was highly advantageous as there were spikes in the oil price in 1973 and 1979, resulting in a boom in the 1970s (Campbell 2009).However, the oil price crash of the 1980s precipitated economic recession, resulting in a mass exodus of foreign energy companies 3 from Trinidad and Tobago during that period (Pantin 1988;Boopsingh and McGuire 2014). ...
- Citing Article
January 2007