William G. Demas
William G. Demas was a prominent economist and public servant known for his analysis of Caribbean economies, particularly regarding the impacts of oil and gas sectors on national fiscal policies. He served as the first Director of the Caribbean Development Bank and made significant contributions to understanding the challenges of enclave economies, where foreign companies dominate production and profits are primarily repatriated, often leaving local economies underfunded and vulnerable.
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Guyana:
William G. Demas warned about profitable ‘enclaves’ operating in Trinidad and Tobago’s oil economy.
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