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Explore Tobago's economic situation, skills gap, and opportunities for development in tourism and other sectors. Discuss funding challenges and the need for skilled professionals to drive growth. Discover the roadmap to success through education, training, and infrastructure development. Learn about critical thinkers needed for sustainable progress.
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GATE Consultation ‘Funding and labour market needs’ A Tobago Chamber perspective
The ROADtoGATE Reflecting on the Future Opportunities for Development Application/Implementation Determinants of Success Funding and Labour Market Needs
Reflectingon the Future… Tobago Current economic Situation Socio-Technical Framework $180 Million in 2006 to $625 Million in 2011 Brain drain Critical thinkers needed!!!
Opportunities for Development Immediate and Medium Term Development Diversify Income Opportunities Tourism - 2% of the GDP 2004 - 56.8% of the island’s employment and over 90% of Tobago’s export
What are some of the current and projected skills gap in Tobago’s labour market?
Construction (TVET) • Engineers (Traditional) • Educational Professionals (Traditional) • Marketing (Traditional) • Auxiliary Start up staff (existing labour force) • Agricultural/Horticultural Professional (Traditional) • Film and Media • Intellectual property • Statician and Research professionals • ICT professionals Funding and Labour Market Needs Short and Medium Term
Lecturers (Traditional) • Hotels Staff (TTHTI) • Airline Staff • Mechanics (TVET) • Chefs (TTHTI) • Garment/Fashion Professionals (does not exist) • Healthcare (Traditional) • Shipping/Maritime Services • Artisan/Culture Development (Traditional) • Publishers/Literary Professionals (Traditional) Funding and Labour Market Needs Medium to Long Term
Funding and Labour Market Needs • Business and MICE tourism • Cruise tourism • Yachting and leisure boat-tourism • Adventure and ecotourism • Carnival and culture tourism • Healthcare Tourism Diversify Tobago’s Tourism Product
Application/Implementation Three-Pronged Approach (1) Education (2) Training (3) Infrastructure Development
Determinants of Success Key Performance Indexes (KPI’s) Improved Tourism GDP Socio-Technical Framework Accountability Protect Tobago’s Heritage
GATE Funding and Labour Market Needs A Tobago Perspective Thank You!