We need to focus on growing Guyana’s economy

first_imgDear Editor,After Guyana’s 50-plus year history, the politics of the nation has an opportunity to move from politics based on race to politics focused on economic development. There are a number of reasons why the state of the economy and economic development will be more of a prominent feature as we continue to develop as a nation. The principal one is the nation’s opportunity to experience an accelerated increase in growth in coming decades, if properly handled. Hence it now becomes more important to go beyond who benefits economically while a particular party is in office, to an orientation which asks and addresses whether the party that will be voted into power is capable of maximizing the economic benefits for the nation as a whole. This orientation becomes vital as our population continues to remain small and the personal development of each successive generation progresses. Government’s role is to provide the correct BALANCE of investment in both the productive sectors that generate income for the nation and the non-productive support & enabling sectors of the economy, such as health care, infrastructure, schooling and the legal system. Poor governance and corruption will hinder the nation’s ability to achieve this developmental balance efficiently, as determined by debt levels, transparency in fiscal governance, and the strength of economic growth.In addition, the social indicators of criminal activity and citizen satisfaction will be leading indicators as to where the nation will place internationally in its progress towards First World performance, as measured by various international organizations. Good economic management is the order of the day, as Guyana continues to compete on the international stage for resources and foreign direct investment. We must ensure that each citizen has a promising outlook for the future, and the limited capital resources we have must bring clear returns that allow for long-term sustainable development that can capitalize on our limited human resource capabilities. In the productive sectors, some of the key considerations going forward are the following:1. Will sugar rebound and reduce unemployment while fostering growth in the economy?2. Will the nation choose and develop with international business partners who provide healthy and stable levels of return on our investments? This is a question that impacts the oil, rice and bauxite industries directly in the near and medium terms.3. Will regulatory strength be added to the fishing, mining and forestry sectors that allow for long term sustainable investment and the continued development of the sectors? This is also another immediate concern.4. How well diversified is each revenue stream, and how much risk has been reduced during the nation’s development?Our nation’s ability to access international financial markets at low rates will help clarify progress made in this area, and will reflect the perception of the level of country risk associated with Guyana.In 2020, a national debate among presidential candidates covering such key economic areas of development (both productive and enabling non-productive sectors) should be required, thus allowing the nation’s citizens to better understand the ability of each candidate and their team to govern effectively. Also, it will make clear what each candidate’s approach to these pressing issues has been and will be going forward. Candidates should also have the opportunity to address new special circumstances such as national security in such a public debate. This will allow the country as a whole to hold each subsequent administration clearly accountable for their actions and performance while in office. The vote of the nation in 2020 should grab the opportunity to transition to a clear, competitive structure wherein each political party will be judged not only on their historical performance, but also on what they plan to do and how they plan to responsibly accomplish their goals while eliminating corruption.Measuring an administration’s performance while in office using such unbiased economic and social measures will show clearly what they have and how they have accomplished the nation’s development. By using such an open and transparent forum, citizens will also be able to better determine the strength of new political parties and those parties’ ability to set a clear vision for how they will govern. This is becoming more important as more citizens become independent voters with less traditional party bias. This would shift the historical norm in our political system, and make the electoral process more competitive going forward. With such an increased electoral competitive landscape, the citizens of Guyana would benefit from improved governance and improved economic development.Best regards,Jamil Changleelast_img read more

Ronaldo rocket gives Juventus scrappy win at Empoli

first_img0Shares0000Cristiano Ronaldo netted both goals as Juventus extended their unbeaten start in Italy © AFP / MARCO BERTORELLOMilan, Italy, Oct 27 – Cristiano Ronaldo struck twice, including a thunderous 25-yard drive, as Italian champions Juventus surged seven points clear in Serie A on Saturday following a battling 2-1 victory at Empoli.Empoli, without a win since the opening weekend of the season, grabbed a 28th-minute lead at the Stadio Carlo Castellani as Francesco Caputo curled home following a lung-busting run by Afriyie Acquah. But Juventus turned to their 100-million-euro man Ronaldo in the second half, as the Portugal forward equalised from the spot before blasting home a magnificent second to secure a ninth win in 10 Serie A matches for Massimiliano Allegri’s team.“It was a very complicated game. We knew it would be difficult, especially after a Champions League tie and we were a bit tired,” Ronaldo told Sky Sport Italia.“We stayed in the game, increased our possession, created more chances after the break and in the end deserved the victory.“I don’t remember the goal very well, I’ll have to watch it again! It all happened very quickly, but I felt confident and I went for the goal.”After Caputo’s opener, the hosts appealed for a penalty when Miha Zajc’s shot glanced the arm of Leonardo Bonucci as he attempted to charge down the attempt, but the referee opted against punishing the Italy defender after reviewing the incident on video.Empoli goalkeeper Ivan Provedel pulled off two spectacular saves in quick succession to thwart Alex Sandro and Miralem Pjanic early in the second half, as Juventus — who beat Manchester United 1-0 at Old Trafford in midweek — saw their unbeaten record come under threat.Provedel flung himself in front of a firmly-hit effort by Sandro from close range, and then sprang acrobatically to his right to touch a Pjanic drive onto the crossbar as Empoli failed to clear after the initial attack.– ‘Moment of magic’ –But Juve hit back when Paulo Dybala pinched the ball off a dallying Ismael Bennacer in the Empoli box, drawing a penalty as the Algeria midfielder proceeded to bundle over the Argentine.Ronaldo sent Provedel the wrong way from the spot to score for the third league game running and bring Juve level on 54 minutes, as the turmoil of rape allegations do not appear to be unsettling the Portuguese forward on the pitch.After last weekend’s 1-1 draw with Genoa, Ronaldo completed a much more successful week for Juve as he unleashed an unstoppable shot into the top left corner 20 minutes from time.“I told the lads, this was a game we had to win, it didn’t matter how well or badly we played,” said Allegri. “The goal was a moment of magic from an extraordinary player and it’s something kids will try to copy in the schoolyard.”An own goal by Fiorentina goalkeeper Alban Lafont allowed Torino to make it five games without defeat following a 1-1 draw, while Atalanta collected a second win on the trot as they beat promoted Parma 3-0.Second-place Napoli can return to within four points of Juve on Sunday when they host Roma, and Inter Milan will bid for a sixth straight league victory at Lazio on Monday.0Shares0000(Visited 1 times, 1 visits today)last_img read more