A dubious human resource policy

LUCAS STOCK INDEX The LSI edged up by 0.82 percent in trading this week. The stocks of Banks DIH (DIH) and Guyana Bank for Trade and Industry (BTI) rose 4.17 percent and 1.77 percent respectively while that of Demerara Distillers (DDL) remained unchanged. Despite the positive movement, the spread between the index and the risk-free Treasuries due to mature in December 2011 remained below 20 percentage points.

Migrant Workers

Despite the happy talk of the administration, the current model of development might not be enough to carry Guyana into the future. Guyanese workers are just not earning enough to keep them happy and to keep consumption levels where they are without the substantial help from family and friends abroad.  The government has been reporting positive growth for the last three years but that growth has not translated into lower levels of unemployment, leading some critics to describe the growth as jobless.  The problem might be related to something that the administration has begun to talk about but was unwilling to admit openly until recently.  At the National Competitiveness Summit held in late September 2011,