VishMahabir posted:Mitwah posted:Vish, it's just a different day, same shit. Read and educate yourself.
The Jagdeo donkey-cart economy has the following characteristics:
1. The production of goods that are at the low end of the global hierarchy of products. In other words, we produce things that people really can do without. Our products are not as special as we would like to believe; not even in CARICOM, let alone the world.
2. Given number 1, it means the income elasticity of demand for the country’s primary exports is small. Meaning as world income (and CARICOM’s income) increases the demand for the country’s products will not rise accordingly. Sugar, for example, is clearly a product that fits the production profile of donkey-cart cart economy. Let’s face it, there is a finite amount of sugar the rich can consume (as a matter of fact, the rich might consume less sugar and sugar-related products as it is one way to stay slim). On the other hand, as the world gets richer we all consume more energy. Therefore, a superior strategy to save the Demerara estates would be ethanol and of course the bi-product of baggasse.
Furthermore, the Jagdeo Administration’s REDD strategy and low carbon development strategy are too narrow and are not likely to impact directly on job creation and industrial development. In addition to the REDD, what the country needs is to develop a bio-energy industrial base with cane sugar as a feedstock for this industrialization. However, the low carbon development strategy should be seen as only one policy measure in a portfolio of industrial policies necessary to raise the welfare of the masses.
There you go again with your cut and paste. I dont think you get it.
And, by the way, do you ever read competing sources that challenge anyone who was not anti-PPP?
Put some ying in your yang banna. You sounding a little cockeyed like that other hero of yours in the green monkey suit.
Vish, I see you have an eye for cock eh! hahahahaha. 