1. These shifts were characterized by the continued subjugation of local racialized peoples to the international economy. As taxes and royalties from oil and natural gas exports were dwindling in the early 1990s, the country would later enter cognate sectors including petrochemicals like urea and methanol maintaining a specialization in resource-based production. Privatization of public steel assets was however seen as inevitable. The rupture of international markets predicated on the global colour line created considerable instability for ISCOTT, punctuated no less by the move towards neoliberalism. The public enterprise was eventually privately leased in 1989 for a ten-year period to an Indian steel giant Mittal at US$11 million per year;Neoliberalism and ongoing economic/racial ordering: 1989 to 2016 The 1990s changed economic arrangements in T&T. Politicians and technocrats abandoned industrial policy,1990
2. Rebirth of Industrial Policy and an Agenda for the Twenty-First Century;K Aiginger;Journal of Industry, Competition and Trade,2020