Things like assets, capital, and inventories might be exciting to talk about in the classroom in pursuit of an A grade or in the boardroom of a company to ensure that company profits are heading in the right direction. It is hardly the thing to generate excitement in the news reports, except if it is attached to some scandal involving someone that the reader knows or might otherwise have an interest in. A good rule of thumb is to avoid discussing such dry items to avoid turning off readers. Yet, these things matter and there are occasions when talk about assets, capital and inventories is unavoidable. This occasion is one of those times because of the question that arises from the review of some data sitting in the World Development Report that is produced by the World Bank. The World Development Report noted that the rate of capital formation in Guyana amounted to 40 percent of its gross domestic product or GDP in 2008. Another report by an agency of the US Government indicated that the capital formation of Guyana in 2009 was 37 percent of GDP. These levels of capital formation are pretty impressive because Guyana was identified as having the sixth highest rate of capital formation in the world last year.
The people who track these statistics often expect to see impressive levels of economic growth from a country boasting such high rates of investment because economic wisdom says that the higher the level of investment in the capital
