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Human Capital as a Catalyst for Economic Diversification in Trinidad and Tobago

  • Daren A. ConradEmail author
  • Asif Cassim
Chapter

Abstract

This chapter focuses on human capital accumulation in Trinidad and Tobago, its commensurate effect on economic growth, and the importance of human capital in the process of economic diversification efforts. The focus on investment in human capital is based on the fact that the school system is hierarchical in nature and that the return on investment, while differential, is higher at the secondary and tertiary levels and more directly linked to labor productivity than that of primary school given Trinidad and Tobago’s economic structure. This chapter provides a theoretical and empirical case for the development of human capital as a key catalyst in the process of economic diversification.

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Copyright information

© The Author(s) 2019

Authors and Affiliations

  1. 1.Department of EconomicsThe University of the West IndiesSt. AugustineTrinidad and Tobago
  2. 2.HEU, Centre for Health EconomicsThe University of the West IndiesSt. AugustineTrinidad and Tobago

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