I came across this intresting article on Forbes.com by Ramin Ganeshram.

With a three-year economic lag behind the U.S., Trinidad should be preparing for the worst.

PORT OF SPAIN, Trinidad — When I was a child visiting my father’s country of Trinidad, where progress, it was often said, was roughly about 20 years behind the States, I could see this was true. By 1980, we had two color television sets in our home in New York, but the small 12-inch black and white TV my father brought to his family in Chaguanas was the only one on the block. The cases upon cases of beer and soda he bought to stock the kitchen when we visited were a wonder of excess to the neighbors, and our American clothes and shoes were a source of endless fascination to the local kids. Except for Coca Cola, Pepsi and some Nestle products, there were few American conveniences to be had at the local supermarket, which was little more than what would be called a corner shop in New York.

(via forbes)