The National Competitiveness Council believes that Guyana can become more successful if it develops a more robust value-added export industry. While various sectors have comparative advantages due to the availability of land, water, competitive wages, and an advantageous position as a potential exporter to Caricom, Guyana has not been successful at building up competitive advantages.
The council said that what is needed is a long-term strategic analysis and planning by government, along with effective and vigorous private sector entrepreneurship through the formulation of policies aimed at enhancing national competitiveness and diversification of the economy.
