By Joycelyn Williams
Joycelyn Williams is a Lecturer at the University of Guyana and a Programme Management Consultant.
In the last piece, we emphasised why a growing manufacturing sector has uniquely strong effects on the growth of an economy. The key reasons are: a) demand for manufactured goods responds strongly to rise in global incomes, b) manufactured products are more diversified and sophisticated, enabling a country to have a more diversified export portfolio.
Manufactured goods come in all shapes, sizes, colours and variations, presenting more scope for allowing a country to sell a wider range of gadgets. Increased manufacturing production has significant spillover and positive effects on other sectors in the economy such as services and agriculture, as
