Smuggling, corruption, high costs, lack of government support have destroyed Guyana’s manufacturing
There are several factors that contributed to the demise of Guyana’s once thriving manufacturing sector. Smuggling is the number one killer of Guyana’s manufacturing industry; as well as the high cost of financing, poor legal service, high cost of electricity and water (in the land of many waters), untrained workers, high turnover of workers due to poor wages and immigration; business owners’ stinginess with investment in training, workers’ welfare, aesthetic packaging, new efficient machinery and equipment, and facilities maintenance. Government support for local manufacturers is negligible and discriminating; the service from local public servants and bureaucrats is like the movement of molasses unless they are bribed. Here are a few scenarios that are destructive to local manufacturing.
http://www.stabroeknews.com/2016/opinion/letters/08/22/smuggling-corruption-high-costs-lack-government-support-destroyed-guyanas-manufacturing/
Related Posts
Eluru: 15 arrested, 2,622 liquor bottles seized
Eluru: West Godavari police arrested 15 persons and seized 2622 liquor bottles,...
Man sold fake Cisco devices worth $1 billion, ran 19 companies to list products on Amazon, eBay
A man who controlled 19 businesses, at least 15 Amazon stores, 10 eBay...
Md. Comptroller’s Office targets cigarette smugglers
The I-95 corridor used to be known for drug running up and down the East Coast...
International Gold Smuggling Racket EXPOSED In Mumbai’s Zaveri Bazar; DRI Seizes 9.67Kg Foreign-Origin Gold, Rs 1.92 Cr Cash
In a recent operation based on specific intelligence, the Directorate of...

