The Republic of Trinidad and Tobago is an island nation
located in the southern Caribbean Sea.
At the closest point, Trinidad is just 11 miles off the coast of the
South American nation of Venezuela. The
country covers an area of 1,980 square miles and consists of two main islands,
Trinidad and Tobago, and numerous smaller islands. Trinidad is the larger and
more populous of the islands. Tobago,
in contrast, is much smaller. Tobago
comprises only about 6% of the total area of the country and 4% of the population.
Trinidad and Tobago lies outside the hurricane belt, which helps
to ensure a more stable climate as well as a more steady flow of tourism
business throughout the year. Local
business, in fact, actually increases during hurricane season as many people
from elsewhere in the Caribbean and the Gulf of Mexico actually bring their
boats to Trinidad and Tobago for safety during that time.
Trinidad and Tobago has earned a reputation as an excellent
investment site for international businesses and has one of the highest growth
rates and per capita incomes in Latin America. Economic growth between 2000 and
2007 averaged slightly over 8%, significantly above the regional average of
about 3.7% for that same period; however, it has slowed down since then and
contracted about 3.5% in 2009. Growth has been fueled by investments in
liquefied natural gas (LNG), petrochemicals, and steel. Additional
petrochemical, aluminum, and plastics projects are in various stages of
planning. Trinidad and Tobago is the leading Caribbean producer of oil and gas,
and its economy is heavily dependent upon these resources but it also supplies
manufactured goods, notably food products and beverages, as well as cement to
the Caribbean region. Oil and gas account for about 40% of GDP and 80% of
exports, but only 5% of employment. The country is also a regional financial
center, and tourism is a growing sector, although it is not as important
domestically as it is to many other Caribbean islands.
At the turn of the
century, Trinidad was one of many countries in the region that realized that
they had fallen behind with regard to technology for their businesses and
citizens. This prompted the country to
begin several initiatives related to education, development, and ICT
improvement. The first program, called
Vision 2020, is an ongoing series of efforts designed to guide the country
through multiple modernization efforts.
A spin-off of Vision 2020, called Fast Forward, was specifically intended
to ensure that the country had the infrastructure in place to deliver
telephony, computer, and internet accessibility to all of their citizens. As a follow-up to the Fast Forward program,
Fast Forward II began in August 2010.
The goal of this program is to increase the adoption of computer and
internet technology by the country’s citizens and businesses.
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