The brown and barren aftermath

Extreme damage

The extreme damage and swath of devastation that have occurred over the past weeks have left many wondering as to what is really happening with global warming and climate change. It is probably the first time in a while that there has been a chain of catastrophic hurricane events in the Latin American and Carib-bean Region in such a short time span.  Some conclude that global warming is to be blame; the religious folk conclude that these disasters are a sign of the end times as prophesied in the Book of Revelations. Whichever it is does not matter, since people are dealing with decisions of survival.  Within a matter of weeks, there have been two ‘monster’ storms ‒ Hurricane Irma and Hurricane Maria ‒ that ripped through several Caribbean islands, leaving many of the once lush islands almost brown and barren. Also, not forgetting Hurricane Harvey, the first to begin this month’s tale of disaster and the two earthquakes that rocked Mexico, resulting in numerous deaths and much devastation to that country. The economic and environmental impact of these hurricanes on the small Caribbean islands is far reaching, with the devastation estimated to be in the billions of dollars.

These islands, though with a comparatively higher GDP than that of Guyana, find themselves incapacitated by the destructive power of the hurricane.  For some of these countries, managing day-to-day life was already challenging.  Now to rebuild and regain growth becomes even more difficult.  Guyana has offered to help its Caricom partners and has committed assistance to these islands. But, what if other strategies could be utilized to assist in disaster relief efforts? Guyana’s response like those of others remains a short-term solution to events that will continue to occur overtime. The short-term responses should be coupled with longer term strategies to cope with disastrous hurricanes. This week’s article seeks to explore what else might be possible beyond the short-term remedies for dealing with disaster. ….


Does competition exist in local industries?

Competitiveness in industries Last week’s article identified some of the characteristics of competition and the role that it plays in making an economy better. 

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Does competition exist in local industries?

Light on competition Almost every set of recommendations for improving the economy of developing countries contains references to competition. 

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Is the lowly Dependent’s Pension Fund being overlooked?

Chatter There has been much chatter surrounding the establishment of a Sovereign Wealth Fund (SWF) in Guyana. 

The changing face and nature of development financing

Routine Sometimes people do not think of things that they see or do, especially when the occurrence becomes routine. 

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Export subsidies and global trade

Stages of development Reflecting on Rostow’s stages of economic growth, one realizes that economic development starts with agriculture. 

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