Comments on: Are remittances pivotal to Guyana’s development? http://www.stabroeknews.com/2009/features/07/08/are-remittances-pivotal-to-guyana%e2%80%99s-development/ Guyana News, Sports, Businesss and Entertainment Sun, 21 Mar 2010 22:52:10 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: multiplier effect fiscal policy http://www.stabroeknews.com/2009/features/07/08/are-remittances-pivotal-to-guyana%e2%80%99s-development/comment-page-1/#comment-319512 multiplier effect fiscal policy Sat, 06 Mar 2010 18:06:17 +0000 http://www.stabroeknews.com/?p=50802#comment-319512 I agree that many people focus only on the short term and not on the long term, or they just don't know the difference between the two. It is human nature to prefer instant gratification though, so I guess that it's just natural to care more about now than later. The truth is that our focus does need to shift to the future all around the world. I agree that many people focus only on the short term and not on the long term, or they just don’t know the difference between the two. It is human nature to prefer instant gratification though, so I guess that it’s just natural to care more about now than later.

The truth is that our focus does need to shift to the future all around the world.

]]> By: Dandy Andy http://www.stabroeknews.com/2009/features/07/08/are-remittances-pivotal-to-guyana%e2%80%99s-development/comment-page-1/#comment-179566 Dandy Andy Tue, 14 Jul 2009 17:11:24 +0000 http://www.stabroeknews.com/?p=50802#comment-179566 An excellent educational analysis, TK. But everything you said here comes down to these few words of yours I extracted: "If the government really knows what it wants, FDIs could lead to technology transfers, bring in new management skills, and provide a direct boost for a renewable energy industrial strategy." IF THE GOVERNMENT REALLY KNOWS WHAT IT WANTS..... Goodness, does it really know itself, let alone know what it wants? No wonder PPP apologists can sit wnd write about remittances as though they belong to the governmet's economic agenda. It's like as though remittances are part of government's economic planning without generating anything from within. Simple export people and then import their remittances. What kind of economic vision is this? An excellent educational analysis, TK. But everything you said here comes down to these few words of yours I extracted: “If the government really knows what it wants, FDIs could lead to technology transfers, bring in new management skills, and provide a direct boost for a renewable energy industrial strategy.”

IF THE GOVERNMENT REALLY KNOWS WHAT IT WANTS…..

Goodness, does it really know itself, let alone know what it wants? No wonder PPP apologists can sit wnd write about remittances as though they belong to the governmet’s economic agenda. It’s like as though remittances are part of government’s economic planning without generating anything from within. Simple export people and then import their remittances. What kind of economic vision is this?

]]> By: bakr http://www.stabroeknews.com/2009/features/07/08/are-remittances-pivotal-to-guyana%e2%80%99s-development/comment-page-1/#comment-176838 bakr Wed, 08 Jul 2009 10:05:44 +0000 http://www.stabroeknews.com/?p=50802#comment-176838 Interesting. One concludes from observation of the Dominican Republic, Morocco, Senegal, Congo, that beyond these effects Khemraj described here,remittances serve to re-orient economic and social activity towards emigration and expatriation of -human capital -investments which follow the human capital. And these are investments that locals would have made at home. In short you buy a business or house in Miami because the mentality is foreign-oriented. But a lot depends on the country and the history of emigration. The Moroccans and Algerians and Turks in Europe may be different from Guyanese and Dominicans. This piece requires wide discussion and comment. Interesting. One concludes from observation of the Dominican Republic, Morocco, Senegal, Congo, that beyond these effects Khemraj described here,remittances serve to re-orient economic and social activity towards emigration and expatriation of
-human capital
-investments which follow the human capital. And these are investments that locals would have made at home. In short you buy a business or house in Miami because the mentality is foreign-oriented.

But a lot depends on the country and the history of emigration. The Moroccans and Algerians and Turks in Europe may be different from Guyanese and Dominicans. This piece requires wide discussion and comment.

]]>