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UWI Business School to launch study into economic growth

For Release Upon Receipt - February 24, 2010

St. Augustine

            Lok Jack Graduate School of Business to administer survey for World Economic Forum


Research in Trinidad and Tobago for the 2010/2011 World Economic Forum Global Competitive Report will soon be underway as the Arthur Lok Jack Graduate School of Business (GSB) prepares to administer an Executive Opinion Survey. Starting on March 1st, the GSB will distribute these surveys to business leaders nationwide. These surveys are designed by the World Economic Forum to capture a broad range of factors affecting an economy’s business climate that are critical determinants of sustained economic growth. 

“We assure all participants that the information provided will be governed with utmost confidentiality, transparency and impartiality and I would like to encourage our business leaders to participate in this report by supporting the survey,” said Professor Miguel Carrillo, Executive Director of the Lok Jack GSB.

The World Economic Forum annually delivers a comprehensive overview of the main strengths and weaknesses in a large number of countries, making it possible to identify key areas for policy formulation and reform. The World Economic Forum Global Competitiveness Report released on September 8, 2009, noted, “The competitiveness landscape described by the Global Competitiveness Index (GCI) this year for Latin America and the Caribbean is fairly encouraging.” Trinidad & Tobago moved up six places from last year’s ranking of 92 to 86 in the GCI based on its macroeconomic stability and financial market sophistication. 

Rankings are drawn from a combination of publicly available data and the Executive Opinion Survey, a comprehensive annual survey conducted by the World Economic Forum, together with its network of Partner Institutes in the countries covered by the Report. The report holistically reflects both the macro and micro factors that affect medium to long term growth, and the dynamics between them which are also essential to the growth process.  It therefore provides a deeper and more extensive understanding of the economic environments that lead to sustainable development.

“This year’s report underscores that in today’s difficult economic environment it is important for us not to lose sight of long-term competitiveness fundamentals amid short-term urgencies,” said Prof Carrillo. “Competitive economies like those within the top 10 positions are those that have in place factors driving the productivity enhancements on which their present and future prosperity is built. A competitiveness-supporting economic environment can help national economies to weather business cycle downturns and ensure that the mechanisms enabling solid economic performance going into the future are in place.”

The Arthur Lok Jack Graduate School of Business is one of the partner institutes for Trinidad & Tobago to execute this survey and has been associated with the World Economic Forum since 2002.

For more information, please contact Darshanie Mahadeo of the Communications Unit at (868) 662-9894 Ext. 347.

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About Arthur Lok Jack Graduate school of Business

The Arthur Lok Jack Graduate School of Business (formerly the UWI-Institute of Business) was established in 1989 as a joint venture between the University of the West Indies and the private sector of Trinidad and Tobago to provide postgraduate education in business and management. In October 2005, the Board of Directors and the University agreed to change the name of the business school in honour of a multi-million dollar endowment made by Arthur Lok Jack, one of the Caribbean's leading entrepreneurs. Lok Jack GSB has produced more than 1000 graduates to date and has trained and developed more than 19,000 persons in executive and professional programmes. Today, Lok Jack GSB is recognised as the premier institution for the provision of business and management education, training and consultancy services in Trinidad and Tobago and the wider Caribbean region.


About UWI

Over the last six decades, The University of the West Indies (UWI) has evolved from a fledgling college in Jamaica with 33 students to a full-fledged University with over 40,000 students. Today, UWI is the largest and most longstanding higher education provider in the English-speaking Caribbean, with main campuses in Barbados, Jamaica and Trinidad and Tobago, and Centres in Anguilla, Antigua & Barbuda, The Bahamas, Belize, British Virgin Islands, Cayman Islands, Dominica, Grenada, Montserrat, St Christopher (St Kitts) & Nevis, St Lucia, and St Vincent & the Grenadines. UWI recently launched its Open Campus, a virtual campus with over 50 physical site locations across the region, serving over 20 countries in the English-speaking Caribbean. UWI is an international university with faculty and students from over 40 countries and collaborative links with over 60 universities around the world. Through its seven Faculties, UWI offers undergraduate and postgraduate degree options in Engineering, Humanities & Education, Law, Medical Sciences, Pure & Applied Sciences, Science and Agriculture, and Social Sciences.


  • Darshanie Mahadeo

  • Tel.: (868) 662-9894 Ext. 347
  • Email: