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	Open Petroleum Economy Model
	INTRODUCTION Many economists argue that the usefulness of economic models constructed to describe the working of industrialized economies (such as the Keynesian model) is restricted solely to describe the dynamics of industrial countries and may not be useful to describe a country like Trinidad and Tobago that is an exporter of mainly primary products. The use of models to describe the industrialized countries can lead to the wrong, erroneous and misguided policy initiatives resulting in harmful and counter-productive activity for the economy when applied to Trinidad and Tobago. Approximate Word count = 361 Approximate Pages = 1.4 (250 words per page double spaced)

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