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
Dearborn Co. Prosecutor’s Office Helps End Counterfeit Goggle Business
Dearborn County authorities are being credited with helping bust a Chinese...
Lankan national and Tamil Nadu resident held for smuggling gold worth Rs 4.18 cr
When CISF officials opened the black sling bag, eight kilograms of dust gold in...
In 3 months, gold worth Rs 55.80 crore smuggled into Karnataka.
BENGALURU: Reaffirming the fact that airports in Bengaluru and Mangaluru have...
Trader guilty of trying to sell fake cigarettes
Abdullah Al-Taaei, 48, of Kennington, was due to stand trial on July 6 at the...