with collision avoidance systems and possess features such as auto refuelling

With collision avoidance systems and possess features

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with collision avoidance systems and possess features such as auto refuelling. Simultaneously, more homes will be smarter, enabling persons to remotely regulate air conditioning, lights, appli- ances, security and video, and robots will provide a range of services beyond vacuuming. By 2030, many more countries will provide free wireless internet hotspots, more cabinet meet- ings will be held online, most people will bank on the internet, voters in a general election will cast their ballots online and most routine transactions between persons and the government will be via the internet. Also, due to the rapid changes in tech- nology a new range of occupations and job titles such as Human Organ Engineer, Climate Change Reversal Specialist and Memory Augmentation Surgeon will be in vogue in 2030.
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What does this new world mean for Trinidad and Tobago? This will help our country capitalise on trade and growth opportunities in expanding markets such as China. Technological advancements are expected to lower production costs in some sectors and therefore it is likely that there will be much more competition from imports. Local pro- ducers must therefore be prepared to embrace and incorporate new and advanced technologies in the production of goods and in the delivery of services. Thus, there is an urgent need for persons to reskill, retool and engage in lifelong learning in order to capitalise on potential, new work oppor- tunities. This requires a relevant, flexible educa- tion system, particularly at the tertiary level, that is aligned to a world where technology plays a major role in the workplace. At the same time, as the world shifts to alternative energy and sustainable production, businesses must now focus on added value products and services, so that the shortfall in foreign exchange earnings can be met. The trends specified above have significant ramifications for Trinidad and Tobago. To surmount these trends our citizens must possess 21st century skills, including technological know- how, and become multilingual and multi-skilled. 31-32 V I S I O N 2 0 3 0 N AT I O N A L D E V E L O P M E N T S T R AT E GY 2 0 1 6 - 2 0 3 0 Reviewing Performance and Looking to the Future
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National Challenges 1,345,343 persons Mid-year population estimate for 2014 32.6 years median population age 85% total export earnings are accounted for by the oil and natural gas sector THE PRECEDING ANALYSIS on the review of Vision 2020 initiatives, expenditure and performance by key sectors and socio-economic indicators, the country’s performance against selected compara- tor countries as well as the main population and future trends, point to some of the main challenges that Trinidad and Tobago faces today. DEPENDENCE ON OIL AND NATURAL GAS AND OIL-GAS PRICE CYCLE The economy remains highly dependent on the oil and natural gas sector with exports of these commodities and petrochemicals accounting for 85 percent of total export earnings, 40 percent of government revenue and over 35 percent of GDP.
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