warrior:

* Barbados and Guyana received independence in the same year(1966)!

* By 1992, 26 years after independence, Guyana, thanks to the PNC, was broke and bankrupt.

* Barbados with good leadership progressed to becoming a developed country---the "Singapore of the Caribbean."

* The PPP took over a broke and bankrupt Guyana in 1992---and after 21 years under the PPP---Guyana is a developing country with a bright future.

* Over the next two decades Guyana will experience remarkable growth and development in agriculture, industry and services.

DEVELPING GUYANA IS ON THE RISE; DEVELOPED BARBADOS IS ON THE DECLINE.

Rev

PS. warrior, regarding this comment bu you:

"every body in barbados make a decent living including the illegal guyanese." warrior

Remember warrior, the unemployment rate in barbados over the past 5 years has ranged between 10-12%--did you say every Barbadian makes a decent living ? They are getting good health care---and crime is the lowest in the Caribbean and latin america---but jobs are scarce---10-12% of Bajans are unemployed..

Guyanese went over to Barbados and frig up the island-thiefing just like dem mentors.

De Rev man missing two things:

1) the proliferation of graphics, cartoons, and some racist doctored photos to boot;

2) the most important numba (he of the numbas man).....Barbados can fit in Hogg Island in the Essequibo. and has less people than the population of Lower Courantyne.

Your notion that a country with a low per capita income can absorb more debt is ludicrous. Guyana does not have access to major capital markets because it benefitted from massive debt write-offs not that long ago.  So it is limited to financing froim donor nations and from international agencies.

Barbados, with its high per capita income is barred from that.  Now to further embarrass you, even St Kitts Nevis was recently designated as a "high income" nation because of its high per capita income, despite its even more fragile economy.

Guyana remains a lower middle class country.  I think the ONLY one in the English speaking Caribbean.

Unless there is dramatic transformation of Guyana's economy it will remain dependent on commodity prices, which are quite volatile, and beyond the control of the govt and of the local producers.

So it makes no sense to predict a bountiful future, unless you can guarantee that commodity prices will remain high.

And what do you think that the unemployment rate in Guyana is?  Note that Bajans have higher salaries so are better able to support non working family members.

My question is, despite heavy unemployment in Bdos (relatives to 10 years ago) why do most Guyanese in Bdos refuse to return home?

From where?  cannot be from gold, because at some point prices will drop.  Cant be from sugar because that industry is dying.  Cant be bauxite as our production costs are high and we can only compete when global prices are high.  Rice...well let the Asian countries have some good harvets and their diets switch to more meat and less rice, as their incomes increase and rice prices will also drop.

Our manufacturing is limited when one moves beyond the rudimentary processing of our commodities (subtract sugar from manufacturing at it will shock you how small that sector is in Guyana) and rum distilling.  Indeed I have not seen ANY progress in the manaufacturing sector (outside of the areas outlined) since 1992, and as you well know it was quite depressed then.

We have already spoken about how Guyana has no clue how to develop its eco/adventure potential.  The overseas Guyanese visitor segment is not a growth market as over time those who were born in Guyana will die off, or lose ties as their relatives die or migrate.  Will their kids be as tied to Guyana once their parents die? I doubt it.

So where is the growth unless there are massive oil and gas finds?  As is according to Bank of GY data most of the growth in Guyana, is in the SERVICE sectors (specifically retail, transport, and construction), clearly indicating a re-allocation of remittances within the economy.  Sugar is dying.  Once Chavez dies will Venezuela buy Guyanese rice if others can supply them more cheaply.  Gold...speculative...do you want to rely on that?

carib:

Read this again---not sure you'll comprehend anything, but give it a try!

carib:

You need to educate yourself on how the GDP is calculated and then you will tone down your braying!

Check the GDP formula:

Now carib, as that formula reveals:

* government spending(G) adds to the GDP--and we now know that Barbados public debt has been reduced to junk because the Barbados government has been spening wildly--overspending---Barbados public debt to GDP = 117.8%

* In the Consumption(C) portion of the GDP---services make up 82% of the Barbadian economy--and services is a large component of the personal consumption expenditure in the GDP---we know financial services and health care services have grown significantly in barbados over the years---but over the past 5 years---the Barbadian financial services industry has struggled---and let's not forget tourism---another large part of the C portion of the Barbadian GDP----tourism has suffered as a result of the global slowdown.

Listen carib, don't get too excited about the GDP number---it is essentially a useless measure.

RE: GUYANA

Over the next 2 decades there will be remarkable progress in all sectors of the Guyanese economy---agriculture, industry, and services

BOTTOM LINE:

Guyana's economy is on the rise; Barbados is falling.

Now pay attention carib:

Barbados has a GDP per capita of $23,870--this is what you are bragging about, yet unemployment in Barbados over the past 5 years has ranged from 10-12%

Like I said, GDP is essentially a useless measure.

Barbados needs new investments--new industries---the country needs jobs!

Guyana has 2 decades of solid growth and development coming up---no question Barbados has done great since independence--but the country has now stagnated.

IT IS GUYANA'S TURN TO SHINE!

Rev

Kari:

Check out the sushi thread in the social club if you want photos:lol

https://guyana.crowdstack.io/displayF...t/308101358055648949

Rev

GDP is an indication of the total goods and services produced in acountry.  So why is it a useless measure.

Furthermore Guyana's economy is currently "strong" because commodity prices are high and there is a spill over to retail, construction  and telecommunications/transportation, as a result.  Much of that also being assited by remittances being used by Guyanese in those sectors,  Mpst of the private investment is not in sectors that generate foreign exchange.

So aside from bleating "the next two decades" where is your evidence that Guyana will do well?  Start with commodity prices dropping to the point where our costs render certain activities becoming less viable.  Gold being an obvious one, given our limited infrastructure.  Had you watched Bamazon you would have learned how expensive extracting gold in Guyana is.

Note that the Chinese investment are in "destructive" sectors....mining and forestry.  These resources do not replace themselves and lead to severe environmental damage.  So once the ores are mined and the commercially valuable lumber from accessable areas is cut, what then. Remember these tropical hardwoods take a long time to re-grow.

I have seen NO evidence that the PPP has teh ability to lead in the transformation of the economy.  Our exports remain unchanged since 1945.  All that has changed is that sugar and bauxite are less dominant, and gold and rice more important.

Further the C in Guyana depends on remittances, as Guyanese wages remain low.  Also likely to dwindle as the first generation ages, and dies off. Their kids are not going to support any one in Guyana. 

The G depends on aid from international agencies, as Guyana lacks access to the global capital markets. 

I has been quite weak outside of the residential and retail sectors, much of which isw highly depended on cash raised from remittances, as the high liquidity of the banking sector should indicate to you. 

The X-M might deteriorate as Guyanese start consuming more imports (all those cars and cell phones) and the export sector remains dependent on the export of a few products highly vulnerable to cyclical prices.

carib:

You can ramble from now until thy kingdom, the reality is although Guyana's GDP per capita is only $3448, the country's public debt to GDP is 63% and it is this manageable figure that allows Guyana to absorb more credit in the public sector; Barbados public debt to GDP is now an alarming 118%---Barbados is in deep shyt--its debt is now rated junk.

You are right! Guyana does not have access to capital markets---but International development banks  like the European Investment bank, the caribbean Development bank, the International Finance Cororation, The Inter-American Development bank + major finance sources from China are keen on funding public and private sector projects in Guyana.

LISTEN CARIB! THERE IS A RELATIONSHIP BETWEEN CREDIT AND REAL GROWTH.

And as long as Guyana does not have to use new credit to fund its interest payments--then new credit will be welcomed---and with the public debt to GDP being only 63%---there is room to absord more credit---from whatever source it's available from.

At this stage in Guyana's development new credit will produce positive returns in the agriculture, industry and services sectors in Guyana----and that is why Guyana will have remarkable growth and development over the next 2 decades.

Listen carib! You can ramble all you want, but you cannot deny that Guyana is set to enjoy progress and prosperity over the next two decades.

Rev

Guyana has a low debt ration because most of its debt has been written ogff a smost of it came from donor nations or from entities like the World Bank and the IDB.  Had Guyana's debt profile been more like that of Barbados, ie. raised in global capital markets, then it would not have been written off, and Guyana would have had debt ratios as hi9gh, or higher than Barbados.

Furthermore Guyana does not have access to the global capital markets, due to its history of debt write-offs.  So where will it arise all this financing?   It can only borrow so much from the IDB and the World Bank.  How is the massive expenditures that will be needed to fund infrastructure in the interior be finances? 

 Chinese you will say, but looking at what they have done in Africa I am not sure that you will be happy with the results.  And look at what they did to Skeldon and Guyana owes them for that!!

So where is the growth going to copme from?  Our economy is based on the export of raw or barely processed commodities.  Please indicate what attempts that the PPP has made to change this.  Our local private sector has almost no interest in ventures that will generate significant foreign exchnage to service the debt that you claim Guyana can raise.

Interestingly enough Barbados does NOT have the long term need for additional debt as Guyana does as their infrastructure has been built.

So start thinking like a human and stop babbling like a parrot.

Why not give us examples of new industries that ARE IN THE PIPELINE?  Pipe dreams not valid as we have had them since World War II.

The EU is no longer in the business of funding massive overseas products as you well know Greece, etc are keeping themselves occupied.  Guyana already borrows massively from the IDB.  Note that teh World Bank has shown almost no interest in financing the types of ventures that will transform Guyana.  A little water project here and there doesnt cut it.

Barbados has a HIGHER credit rating than Guyana...assuminging that Guyana even has a credit rating.

Carib:

Did you know that the GDP was designed as a tool for government policies not for a measure of economic well being or living condition ?

Only naive people like you carib cling to GDP as if it is the be all and end all of economic wealth.

Like I said GDP is not a measure of economic well being or living conditions.

America, for example, has a GDP per capita of 49K+---is that 49+ figure a measure of the economic well being of Americans or living conditions in America ? Absolutely not!

A next thing--government spending should not be included in the GDP calculations.

Rev

My suspicion of the Revsta being fishy has been confirmed......

XM raass nah gon deteriorate bannaz

Carib, you babbling again.  The Chinese have made mistakes but have done  lot for Africa.  Even the Africans agree.  Also, they gave the Africans something they did not have, negotiation clout with western nations.  However, like with anything, the Chinese cannot do everything for you.  Africa has had several centuries of Western involvement, why is it a mess?  As usual, you ready to skin the goose even before it have a chance to lay.

On Guyana being an export economy, you clown, it's the only way for any large investment to attain sustainability.  Isn't the Chinese and many other developing nations build their economy on export.  Guyana does not have the population to support large domestic investment.

To your point, Guyana does need a different breed to businessmen who could enter into the type or arrangements you mention.  I know a big exporter of sea food from Guyana who selling "Guyana" tilapia here in the US and Canada....imported from China.

So, I agree with some of your points.

Basey:

Carib is so full of hatred and hostility for the PPP, he so despises Guyana being ruled by East Indian leaders, that he will forever pray to the devil he worships for the Guyanese economy to crumble and disintegrate.

Unfortunately for carib, Guyana is set to experience unprecedented growth and development over the next two decades.

Rev

A developed county is one where you do not see garbage on the streets, where the rich and the poor both share seats in the public transport, where the wealthy can walk the streets of any suburb without fear of been robbed or assaulted, where the latest technologies are used to provide an ample range of basic and advance services.

Rev you need to remove your head from your poop shoot before you die from
anal asphyxiation.

Here is AFC's economic advisor and UG educated Dr. TK embracing the Barbadian economic success and berating Jagdeo's Guyana 2 years ago---what UG man TK needs to understand today is President Ramotar and the PPP are setting up the Guyanese economy to grow and develop for decades to come---the Barbados economy has now stalled--it's now Guyana's turn to grow and prosper.

=========

By the way folks, TK is deathly afraid of making worthwhile contributions to this thread---he was exposed in the LTCM thread as being woefully inadequate in finance---economics is his field---he doesn't want to be exposed as lacking in economics----so UG man TK will do what he does best---rant about how gni posters have low intelligence and IQ----just imagine--a UG man labelling others as having low IQ.lol

Rev

The Barbados model is alive and well. It is a model because they took 166 sq miles without any significant endowment of natural resources and made it a developed country by HDI ranking. Mauritius also has a model and those of you at OP may well look into them to find transferable experiences. Your IQ is not high enough so why do you want me to waste my time? 

rev when i say on this site guyana is backward 50 yrs and is still sliding downhill.  you ppp fools think building a few houses is development well you guys think if there is a operation going on in a hospital in barbados you will get blackout so a person will die how can you fools rate guyana when it operate in such primative state

Rev Guyana is so advanced that they are performing operation with cell phone lights at the state of the art New Amsterdam Hospital. I wonder what they will use to get your head out of your poop shoot.

TK:

The Rev is not disputing the fact that Barbados has metamorphosized into a developed country since independence in 1966.

But the country is now in a financial mess. Public debt is over 5 billion--the country's debt to GDP is at a stifling 118%---Barbados debt has been downgraded by the ratings agencies to junk. And unemployment in Barbados the past 5 years has ranged from 10-12%

RE: GUYANA

You mentioned Mauritius---now that's a country that is growing and progressing steadily---public debt to GDP is only 53%---services comprise 71.8% of GDP; industry 23.8% and agriculture 4.4%---Mauritius has had GDP growth rates ranging from 3 to 5.5% in each of the last 7 years---but current unemployment rate at 8% remains a problem.

Listen TK! Guyana could learn a few lessons from other countries like Mauritius and also Barbados---especially in the services sector---but what the PPP is now focusing on is developing a unique Guyanese model for growth and development---not a Barbadian model or a Mauritian model---there are immense untapped opportunities in the agri and industry sectors in Guyana and also in the services sector---and what the PPP is wisely doing right now is setting up Guyana's economy to grow and in the process give the country growth and development for decades to come.

Rev

rev what you know about the ARG sector in guyana stop reading from paper and go into the fields,the live stock sector is failing badly there is a shortage of every live stock pig is $800per lbs looking to buy bulls now in guyana is like looking for a neddle in a hay stock you know the government had to stop the people to butcher cows and chicken the small farmers stop rearing chicken rev guyana is a mess

Before you go on to talking about Guyana model (they call it LCDS), could you tell us what is the Guyana unemployment rate? Why are you able to get Maritius and Barbados rates online but not Guyana's? BTW did you include Guyana's Petrocaribe debt? 

===

warrior:

Naysayers like you, Mitwah, carib, TK and others need to liberate your minds. You folks are too narrowminded. Maybe it's because you hate the PPP and the East Indians running Guyana, but do yourelf a favor and free up your minds and then you will see the bright future that is headed Guyana's way.

Rev

I hope you will be able to give us the Guyana unemployment rate. (Hint: Google cannot help you this time)

stop reading from paper and go into the fields...

Better to read and comprehend than just look for pictures so you can understand  what's going on. I'll send you some pictures so you can understand what's going on in Guyana. Your knowledge of comprehension is non-existent.

..

TK:

The Low carbon development strategy(LCDS) is only a part of the overall Guyana model that the PPP is putting into place. The PPP is creating the future of Guyana. It is setting up the Guyana economy to grow--focus is being placed on agriculture, industry, and services----the PPP understands that by having a unique Guyana development model---one that sets up the Guyana economy to grow---it will give Guyana growth and development for decades to come.

By the way, the Climate & Development Network, a UK based climate policy network, has described the LCDS as "maybe the most progressive low carbon development strategy in a low income country."

TK, didn't you describe the LCDS as a pie in the sky fantasy ?

Well, guess what ?

Guyana will be receiving 250 million(US) from Norway by 2015 for avoiding greenhouse gas emissions from Guyana's forests---and the PPP government will be using the 250M Norwegian payment in a number of projects, inclusing the hydro.

RE: GUYANA'S STATS

Hopefully in 5 to 10 years time stats will be readily available---right now a large part of the goods and services prodced in Guyana is not reported--and regarding the unemployment---well, if unemployment in developed Barbados is 10-12%--if unemployment in Maurirus is 8%----then Guyana's unemployment must be pretty high---but thanks to remittances---Guyanese live very comfortably.

Rev

The LCDS is a pie in the sky fantasy. We are waiting for the Guyana unemployment rate.

TK:

The 500 million a year Jags was hoping for--that was wishful thinking--total fantasy on his part---but the reality is the Norwegians will deliver on their promise---250 million by 2015---portion will be used for the hydro project.

And once that hydro gets developed---Guyana moves to an entirely new plateau---a higher plateau economically---new industries, processing, etc will emerge--JOBS! JOBS! JOBS!

You are too narrowminded TK bai----maybe its because of your hatred for the PPP---you are blinded by that hatred.

Listen! The best way to predict the future is to create it--and that's what the PPP is doing in Guyana---along with the private sector---the unique Guyana model will set up an economy that will experience decades of growth and development in Guyana.

RE: UNEMPLOYMENT RATE

Hopefully by the end of Ramo's 2nd term that information will be available.

Rev

Someone with the IQ of a fish market vendor really cannot understand the criticisms of those like me who only want to see the best for the motherland. So you have to label us as narrow minded and such. But it is the best the IQ allows to bring forth.   

If anyone wants a discussion of Guyana's unemployment situation see: http://www.stabroeknews.com/20...employment-scenario/

===

 

Someone with the IQ of a fish market vendor

HA HA HA HA

TK! I guess when you can't argue sensibly you resort to your old trick---talking about low IQ and intelligence.hahahaha

Listen TK! Judging a person doesn't define who they are. It defines who you are---and you TK are a deeply insecure man---a UG graduate who ended up a 3rd rate/3 cents economics Phd and now teaches at a 3rd rate college in Florida.

And by the way TK---all that rambling in that video---folks should label you rambling rose---you should be ashamed of yourself TK---you are clearly not as smart as you fancy yourself to be----a lot of folks might be fooled by your new school Phd---but even in the field of economics you are woefully inadequate.lol

Rev

Rev tell us about your human trafficking business. I heard that it's now U$15K for a baby.

Originally Posted by TK:

===

 

Someone with the IQ of a fish market vendor

 

 

HA HA HA HA

 

TK! I guess when you can't argue sensibly you resort to your old trick---talking about low IQ and intelligence.hahahaha

 

Listen TK! Judging a person doesn't define who they are. It defines who you are---and you TK are a deeply insecure man---a UG graduate who ended up a 3rd rate/3 cents economics Phd and now teaches at a 3rd rate college in Florida.

 

And by the way TK---all that rambling in that video---folks should label you rambling rose---you should be ashamed of yourself TK---you are clearly not as smart as you fancy yourself to be----a lot of folks might be fooled by your new school Phd---but even in the field of economics you are woefully inadequate.lol

 

Rev

====

What is there to be ashamed of? I was good enough to get scholarships to attend the best university in its class and for what I wanted. Just imagine I can pay my own bills in the most competitive market in the world while giving you morons a hard time. I don't need a PPP paycheck. BTW I find your disdain for UG insightful. These are the insights we need so observers can understand the mentality of those running Guyana. 

Originally Posted by Rev Al:

Originally Posted by TK:

===

 

Someone with the IQ of a fish market vendor

 

 

HA HA HA HA

 

TK! I guess when you can't argue sensibly you resort to your old trick---talking about low IQ and intelligence.hahahaha

 

Listen TK! Judging a person doesn't define who they are. It defines who you are---and you TK are a deeply insecure man---a UG graduate who ended up a 3rd rate/3 cents economics Phd and now teaches at a 3rd rate college in Florida.

 

And by the way TK---all that rambling in that video---folks should label you rambling rose---you should be ashamed of yourself TK---you are clearly not as smart as you fancy yourself to be----a lot of folks might be fooled by your new school Phd---but even in the field of economics you are woefully inadequate.lol

 

Rev

====

 

What is there to be ashamed of? I was good enough to get scholarships to attend the best university in its class and for what I wanted. Just imagine I can pay my own bills in the most competitive market in the world while giving you morons a hard time. I don't need a PPP paycheck. BTW I find your disdain for UG insightful. These are the insights we need so observers can understand the mentality of those running Guyana. 

I was good enough to get scholarships to attend the best university in its class and for what I wanted.

Is this a division 1 or division 3 university?  Most employers, as you already know, prefer a division 1 grad.

I know a guy from Guyana who had a degree from UG. They took the GCE as academic qualification for before the UG degree.