ࡱ > 0 2 1 q` F bjbjqPqP . : : F M $ h k @ @ @ : @ @ @ @ V? ( @ 0 M @ 6 @ @ h $ @ 6 M Sustainable development in T&T. by; B. Copeland, R. DeFour, S. Gift and St.C. King (Research and Innovation Focus Group, Faculty of Engineering The work on the economic models of the region and in particular T&T has had wide intellectual exposure- the ideas of the plantation economy and recently the Dutch Disease with respect to the exploitation of the country's petroleum resources. The fact that these natural resources are depleting is at least one reason why the economy has to be diversified, another is that a petroleum based economy is subject to external shocks though Peak Oil at present suggests the maintaining of high petroleum and petroleum based product prices in the medium term. However diversification of T&T's economy is not a new idea but to date this has proven difficult to accomplish. The authors suggest in this paper that economic diversification in today's globalised economy depends not on continued increase in productivity in the exploitation of our economic factors but in continuing increases in innovation in the creation of products and services. T&T as a developing country does not have the institutions that make up a National Innovation System, a vehicle that is necessary if the actors are to be effectively integrated.The paper also describes how such an Innovation System can be put together in T&T. ! D E F h" h eY $h eY 0J 5CJ OJ QJ \^J aJ ! E F gd eY F , 1h/ =!"#$% @ @ @ N o r m a l CJ _HaJ mH sH tH D A@ D D e f a u l t P a r a g r a p h F o n t R i@ R T a b l e N o r m a l 4 l 4 a ( k@ ( N o L i s t . X` . eY E m p h a s i s 6] F ! E H 0 0 0 0 0 0 0 ! E H K 0 K 0 K 0 I 0 I 0 I 0 0E F F F 5 ; I M { H ! # H 3 3 3 H Zrp' p' *p'