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Transformations in the Trinidadian Sugar Industry: Caroni, State Intervention and the Sugar-Sub Sector in Trinidad. This book is important because it focuses on the sugar industry in Trinidad. Before its emergence in the 1780s, Trinidad lacked a formal economy. Hence the island's development (or lack thereof) has mirrored the travails of sugar. The period 1970-2005 is significant because this was the era during which the state purchased Caroni and took control of sugar in Trinidad. This proved unsuccessful for many local and international regions but successive governments failed to take corrective measures to salvage the industry. This study illustrates the many mistakes made in the hope that if fully understood they will not be repeated.