Category archives for: Economics

“A Deep Water Harbour” by Peter Ramsaroop, MBA

  “A Deep Water Harbour” by Peter Ramsaroop, MBA Good gubby nah ah float ah tap.  (Good things don’t come easily.) Guyanese Proverb Introduction Infrastructure is to a nation what blood vessels are to a living being. Just as our blood vessels carry vital nutrients to every cell in our body, so does a nation’s [...]

The “T” Table – Norway and Guyana

Norway and Guyana The “T” Table – Norway and Guyana Question – How would you have negotiated the LCDS deal? Peter R. Ramsaroop, MBA   NORWAY                                                                                                                         GUYANA  Richest Country in the World-  A handout of US $250M  to Guyana to get some attention in the world after they messed up their environment and forests for [...]

The Bartica triangle – the door to the interior and development by Peter R. Ramsaroop, MBA

The Bartica triangle – the door to the interior and development by Peter R. Ramsaroop, MBA If yuh plant plantain, yuh can’t reap cassava.  (You reap what you sow)  Guyanese Proverb   Overview   In a previous column on November, 23, 2009 titled “Development areas”, I introduced a development plan for the Bartica Triangle and Region Seven. [...]

Our oil future – it is ours not the government’s By Peter R. Ramsaroop, MBA

Our oil future – it is ours not the government’s By Peter R. Ramsaroop, MBA Introduction   Two years ago, right about this time, I first introduced the concept that any oil reserves we find in Guyana are that of the citizens, not the company nor the government. I have revisited the concept once again in [...]

New economic zones = more jobs -

New economic zones = more jobs Introduction: In a few months we will be in a new decade. Hundreds of Guyanese participated in developing the 2001-2010 National Development Strategy. The goal of that plan was “Eradicating Poverty and Unifying Guyana”.  It is sad that after almost ten years, the government is yet to embrace the [...]

RBP + LEF + O = D

by Peter R. Ramsaroop, MBA RBP + LEF + O = D (Race-based Politics + Limited Economic Freedom + Oil = Disaster) This column is a follow-up to my column of on December 23rd titled “Natural Resources” where our team proposed that we share the profits of oil with the people as was written in [...]

The 2008 Vision

As we reflect on 2007, VAT has been one of the key issues facing both the consumer and business owners. However, it did not make it to the list of issues the government attempted to resolve. Instead, we saw massive infrastructure improvements in a slowly dying sugar industry even as production drop to an all [...]

Guyana's Resources – A Christmas Blessing or a Scrooge Curse?

Peter R. Ramsaroop, MBA (Kaieteur News, 23 December 2008) One of my young advisors, JC Bollers, the grand nephew of the late Sir Harold Bollers, recently completed his academic paper on Guyana’s Resources. Since his paper directly relates to the general theme of this column, I thought it was appropriate to share his thoughts with [...]

The Need for Economic Education

This column explores initiatives to improve the business climate of our nation and make Guyana Open for Business a reality. by Peter R. Ramsaroop, MBA Chairman, RoopGroup Stabroek News, Friday, November 16th 2007 Stabroek Friday Business supplement is the only such publication in Guyana. For many of us in the business community, this is a [...]

Our purchasing power has fallen – $1 in 1992 is worth .16 cents today

by Peter R. Ramsaroop – Stabroek News, 02 November 2007 Purchasing Power By definition, the purchasing power of a dollar decreases as the price of consumer goods rise. If one’s income stays close to constant but the price level increases, the their purchasing power decreases. Inflation does not always imply falling purchasing power of one’s [...]

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Max Mohamed, Peter R. Ramsaroop, and Dr. Juan Hernandez Peter Ramsaroop hands over the cricket gear to Rajendra Chandrika. dscf3302 dscf3304 dscf3301 Peter R. Ramsaroop participates in distribution of food and toys to over 500 children Peter Ramsaroop handing over Youth Review magazines to GT&T, Banks and Bill Express representatives.

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