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/