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
DRI busts luxury car smuggling racket
New Delhi: The Directorate of Revenue Intelligence busted a luxury car smuggling...
CBP finds more than $171,000 hidden in truck in El Paso border cash smuggling attempt.
U.S. Customs and Border Protection officers seized a cash shipment of $171,992...
Delhi: Smuggling racket of costly liquor busted
NEW DELHI: Police have busted a racket of smuggling scotch and expensive liquor...
Fake currency racket busted in Patiala, 4 arrested
Police also recover printers, a computer and laminators from possession of...