Those who have lost jobs, I know, are not readily consoled by the fact that current job insecurity concerns are not new. But keeping the current period in context is instructive. Jobs in the United States were perceived as migrating to low-wage Japan in the 1950s and 1960s, to low-wage Mexico in the 1990s, and most recently to low-wage China.
In addition, official support provided by the Trinidad and Tobago Government includes $ million through the Petroleum Stabilisation Fund, and about $ million by way of its contribution to the CARICOM Development Fund. The International Monetary Fund (IMF) considers that the medium growth outlook for many countries in the CARICOM region will be subdued.