Trinidad's energy Sector is looking inward and outward. The need to attract investment is necessary to stand globally. Foreign investment is a major catalyst for the development of the country. Foreign investment triggers and stimulates technology advancements , facilitates human capital formation , international trade and integration, generates competition , new opportunities for local enterprise and talent development. If the nature of the business is competitive the income increase would also be competitive. For foreign investment to be efficient it requires supportive local policies, a predictable regulatory environment and an absence of unnecessary administrative hurdles to business.
In the 2012-2013 global competitiveness index (GDI) Trinidad & Tobago's rank dropped from 81 to 84 out of 144 countries.
Trinidad is strong in macroeconomic environment , health and primary education , judicial independence and gross national savings. In addition, based on the index, productivity is low, flexibility of wage determination is too rigid and industrial relations climate is characterized by adversarial wrangling and lack of cooperation.
