Is the lowly Dependent’s Pension Fund being overlooked?


There has been much chatter surrounding the establishment of a Sovereign Wealth Fund (SWF) in Guyana.  Work has begun towards achieving that goal and at some point in time Guyanese would want to have their say about the matter.  This writer understands that when the time comes Guyanese will be given an opportunity to comment on the legislation being proposed for the creation of the SWF.  Towards this end, all Guyanese must know and have a clear understanding of the concept and dynamics of the SWF.  Indeed, SWFs are growing in popularity with increasing numbers of countries looking at ways to establish such a facility.  Just over one week ago the largest SWF, that of the Government of Norway, topped US$1 trillion in value in less than 30 years.  Others are within striking distance of the coveted US$1 trillion mark which bring many a feeling of comfort.  If likened to a marathon, Norway would have won the race comfortably.  There is great anticipation that SWFs soon will be commonplace, especially among developing countries.  SWFs make up about six per cent of the share of the global assets that belong to institutional investors.  In light of its growing popularity and emerging prominence in Guyana, this week’s article seeks to shed light on the concept, purpose and role of the SWF…..


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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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.

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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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