When being small is a blessing
Quite often Guyanese lament the small size of their economy, but just for one time, they might be glad that their country is small. The population is small. That, along with relatively low wages, contributes to a small market size. Economic output is also small despite an abundance of natural resources, and an ability to export a number of products. Despite its importance to the national economy, exports, as part of global supply, are also small. The smallness of its economy leaves it at the margins of the global economic system. While much of what happens around the world can impact Guyana favourably or unfavourably, whether it likes it or not, Guyana does not always have to be involved in all the markets in the world. Even if it did, …..To continue reading, login or subscribe now.