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
Gold worth Rs 8.50 crore seized near India-Bangladesh border, 2 smugglers arrested
Border Security Force (BSF), on Saturday, foiled yet another gold smuggling...
Delhi: Smuggling racket of costly liquor busted
NEW DELHI: Police have busted a racket of smuggling scotch and expensive liquor...
Health-Related Items Part Of Ongoing Kansas Tax Talks
A couple of items relevant to public health and the health insurance industry are...
Liquor worth 2.25L seized near Gujarat Vidyapith
Ahmedabad: Police seized 219 bottles of Indian-made foreign liquor worth Rs...
