Question

1. Provide feasible recommendations to improve the agro-processing industry with supportive literature/reference.

a) What is the political system and structure in Guyana?

b) Assess the political environment, economic and agro-processing Industry in Guyana

c) Critique the stability of the Government of Guyana

Answer 1

A. There is presidential representative democratic republic was followed by Guyana. President having executive power. The judiciary is independent from executive and legislature. Race and ideology having dominance in the influence of politics in Guyana. From the benefits of foreign aid, social benefits provided over the population in different sectors like health, education, housing, road and bridge building, agriculture and rural development. Guyana is the founding member of Caribbean Community. For administrative purpose, Guyana divide into 10 regions, headed by chairman over regional democratic council.
B. Guyana is one of the poor country in South America. Which having low infrastructure, weak government and high level of poverty rates. But the country is plenty with its resources. Agricultural sector is the most productive component of the country. Recent years, the non agricultural sector developed more. The current issues faced by agricultural sectors are unstable international commodity price and extreme weather. Sugar and rise were the most important products. Uncertain rise in global sugar price leads to the cease of operations by the government which leads to unprofitable nature of sugar.
C. The country is moving towards a high external debt. This leads to high political instability. There is a low level lending opportunities in Guyana which trigger the banks to ramp up their foreign and domestic investments in government debt instruments. There is a low level profitability in the domestic market through increased investment. The low net foreign assets and reserves of central bank were very low. This affects the stability of the economy. There is a high level reduction in the availability of currency leads to depreciation of exchange rate with US dollar. This depreciation also affects the domestic business and the investment. The low level foreign exchange again reduces the foreign relation and domestic production. There is an uncertainty in the political economy also affect the stability of the economy.