CHALLENGES FACEDBY ECONOMIC ACTIVITIES

CHALLENGES SOLUTIONS
1. Declining Raw materials:  Use of renewable raw materials
 Destruction of fishing grounds  Re-forestation programmes
 Seasonal catch because of declining fish  Sustainable logging
resources therefore reduced income  Use of renewable energy
 Agriculture is on the decline  Sustainable fishing practices (quotas,
 Forest trees are being cut down without closed season, MSY, aquaculture)
time to grow back
 Bauxite reserves are being depleted
 Exploitation of new bauxite reserves means
relocating people
 Cost of importation of raw materials is high
in manufacturing industries.

2. High Exploration cost:  Fishing: Co-operative loans

 Fishing: artisanal fishermen use low
technology methods; lack of equipment
restricts exploitation
 Cost of production of wood is high
 Exploration of inaccessible forest is also high

3. Competition:  Advertising and marketing strategies

 Territorial boundaries limit exploration,  R&D
competition from Venezuela and Barbados  Tourism: Promotion new forms of
 In manufacturing, competition from export tourism (eco-tourism, heritage),
sources. promotion of domestic tourism
 HCCA standards met by other industries add
to competition of local goods produced
 Globalization: world market, imported food
from China and Singapore
 Tourism: Globalisation means new markets,
cheaper rates and accommodation,
improved transport, seasonality (peak and
off peak seasons)

4. Pollution:  Oil slick bar recovery system, oil booms,

 Oil spills have restricted fishing activities and repairing leaking oil pipes
killed marine life. Fishermen are left without  Bauxite: use of technology – wet
income. scrubbers, electrostatic precipitators,
 Manufacturing industries: increased cost of mud stacking
production for waste disposal and recycling
 Bauxite mining has scarred landscape,
particulates, red mud residues, tailings, dust
5. Accessibility:
 Accessibility of commercial trees and
consequently transport
 Guyana – south is inaccessible
 Accessibility of raw materials of bauxite.
Overburden supports dense, tropical
vegetation that has to be cleared.

6. Transport:
 Distance of raw materials (logs) form
processing centres.
 Guyana use rivers for transport of logs
 Poor roads which are unpaved increases
cost of transport
 Heavy equipment cannot be used on poor
quality roads

7. Sustainability:  Education and environmental awareness

 Fishing and bauxite has led to depletion of a
resource
 Environmental degradation form mining
activities, landscape is scarred
 Pollution from mining and manufacturing
industries
 Regulations
 Promotion of ecotourism, Reserve Parks
and Protected areas
 Use of environmentally friendly
resources
 Use of renewable energy
 Reforestation
 Sustainable logging
 Sustainable fishing (quotas, closed
season, MSY, aquaculture)
 Rehabilitate degraded lands form mining