Globalisation and Sugar
Today’s truly fundamental defining feature of the condition of the Guyana sugar industry (and Guysuco more particularly), is that, several decades ago it became mature, and from all appearances since the 1960s, it has entered a long-run declining phase, as described in classic industrial and firm theories. Cane sugar production can no longer reclaim the glory that it had earlier enjoyed in Guyana and the Caribbean, when plantation/estate sugar production was emerging as the leading edge of capitalistic modes of development (especially the emergence of global transnational enterprises and their internationalisation) as world markets for goods, services, capital and finance were being rapidly created.
