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In 1942, Austrian economist Joseph Schumpeter coined the term ‘creative destruction’. It describes a process where innovative products, technologies, and business models continuously replace outdated ones. New firms and jobs are created, and old ones die. In Trinidad and Tobago, we experienced creative destruction in the past century. Sugar (and …
Read More »Destruction without creation; Dr Harris ponders T&T economy—and a starting point for revitalisation
