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

Datebook

first_img Winter Arts Festival, noon-4 p.m., Pierce College Art Department quad, 6201 Winnetka Ave., Woodland Hills. Admission is free. Call (818) 719-6498 or see www.piercecollege.edu. Mail Datebook entries – including time, date, location and a phone number – to Daily News City Desk, P.O. Box 4200, Woodland Hills, CA 91365; fax (818) 713-0058; e-mail dnmetro@dailynews.com. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! FRIDAY: “The Secret Of The Cardboard Rocket,” 7:30 p.m. at the Los Angeles Valley College Planetarium, 5800 Fulton Ave., Valley Glen. Tickets are $5 for adults; $4 seniors and students; $3 children 8-16. Holly Trolley Holiday Tour, 6 p.m. in downtown Burbank. Call (818) 566-8617 or visit www.downtown-burbank.org. SATURDAY: Breakfast with Santa, 8:30 a.m., Burbank Town Center Food Court, 201 E. Magnolia Blvd. For tickets, call (818) 238-5300. Pacoima Holiday Parade, 9 a.m., Van Nuys and Laurel Canyon boulevards. Festival follows, noon-6 p.m., David Gonzalez Park, 10943 Herrick Ave., Pacoima. Free admission. AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREBlues bury Kings early with four first-period goals Rotary Club Arts & Crafts Faire, 10 a.m.-4:30 p.m. today and Sunday, Topanga Canyon Boulevard and Oxnard Street, Woodland Hills. Call (818) 754-4743 or see www.whrotary.org. Toy drive and gift-wrapping party, 10 a.m.-noon at Penny Lane, 15314 Rayen St., North Hills. Call (818) 332-8260 or see www.pennylane.org. Wild mushroom workshop, 10 a.m.-noon, Soka University, 26800 West Mulholland Highway, Calabasas. Holiday Arts Festival, 10 a.m.-6 p.m., Brand Library and Art Center, 1601 W. Mountain St., Glendale. Admission is free. Call (818) 548-2051 or see www.brand-arts.org. LAUSD Band and Drill Team Championships, 11:30 a.m.-9 p.m., at East Los Angeles College, 1301 Avenida Cesar Chavez, Monterey Park. last_img read more