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
AP Exclusive: Chinese banks a haven for web counterfeits
Kim Sbarcea knew exactly what she wanted. She typed "Tiffany Elsa Peretti mesh...
Duplicate toys of popular brands seized in Burrabazar
Two US-based companies had apparently found out about the sale of duplicate toys...
Amazon China Unit Closes Vendor After Report of Fake Cosmetics
The China unit of Amazon.com Inc. (AMZN:US), the world’s largest e-commerce...
Businessman jailed for running multi-million pound fake clothes factory in Hockley
Inderjit Sangu, aged 67, from West Bromwich, was caught in possession of...


