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Thompson and Jagdeo challenge business leaders |
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Tuesday, 11 November 2008 |
GEORGETOWN – Barbados Prime Minister David Thompson has challenged Caribbean business operators to rethink their strategies and techniques in light of the current global financial turmoil, a call that was echoed by Guyana’s President Bharrat Jagdeo.
Thompson issued the challenge while making a presentation on financing development in the region at the Guyana Manufacturing Association’s annual dinner and awards ceremony here Friday evening.
He said production in the Caribbean has been far from optimum levels and expressed the view that there was need to change the region’s business culture.
“There is a need for deeper reform of national business culture in each territory, particularly at the corporate level and regional economic systems, to better access and apply whatever financing is available,” the prime minister said.
The Barbadian leader noted that despite the region’s vast supply of natural resources, there remained a struggle to “get things right”.
Meanwhile, Guyana’s President Bharrat Jagdeo also highlighted the importance of developing a new business culture in the Caribbean.
“If you have a new business culture, if you are focused every single day and not only when there is a crisis, by looking at all the factors that you have and ensure that there are most particularly deployed, then you can succeed, but that is the problem with many of our countries, we don’t look at productivity as a daily tasks within out enterprises,” he said.
Jagdeo lamented that too many businessmen have become content with old processes and he said that in order to grow and be profitable, regional businesses must be more aggressive.
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