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portada Issues in Guyana's Development
Type
Physical Book
Publisher
Year
2012
Language
English
Pages
104
Format
Paperback
ISBN13
9781300328094

Issues in Guyana's Development

Winston Felix (Author) · Lulu.Com · Paperback

Issues in Guyana's Development - Winston Felix

New Book

£ 33.15

  • Condition: New
Origin: U.S.A. (Import costs included in the price)
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Synopsis "Issues in Guyana's Development"

Historically, Guyana's economy has been dependent on sugar. However, other commodities such as bauxite, rice and gold has made significant contributions to the economy. Guyana's economy registered a growth rate of 5.4 percent in 2011. This is a relatively high growth rate considering the recent global financial crisis which affected other Caribbean countries. However, it is important to note that this increase occurred as a result of the increased demand for gold on the world market and the performance of the non-traditional sectors. The performance of the economy indicates that Guyana has a major competitive advantage in resource endowment, relative to its size. When compared with other Caricom countries, the economy has a range of natural resources which exceeds the rest of Caricom countries combined. In 2011, gold export receipts were US$517.1 million, 49.3 percent higher than the 2010 level, reflecting favorable prices and higher volumes exported.

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