Guyana Unemployment Rate - Historical Data
Year
|
Unemployment Rate (%)
|
Annual Change
|
2019
|
11.85%
|
-0.05%
|
2018
|
11.91%
|
-0.14%
|
2017
|
12.04%
|
-0.01%
|
2016
|
12.06%
|
0.05%
|
2015
|
12.00%
|
0.07%
|
CONCLUSION AND RECOMMENDATION
To conclude, globalization has both positive and negative effects on the world and our societies. The main benefits of globalization are the creation of a global market and free trades, which increase society's competitiveness and creativity, rapid technological changes, and the fact that globalization helps to increase the economic growth of developing and developed countries. The downside of globalization include insecurity, global environmental threats, poverty, the creation of a global market with an excessive number of competitors, and the deterioration of labor conditions.
It is recommended that a strong regulatory framework should be created, so that all players can get the same benefits which will eliminate inequality and close ever expanding gaps between the developed and developing economies. Additionally, policymakers should maintain a consistent focus on inclusion and sustainability.
BIBLIOGRAPHY
Barnett, Held, A, Henderson, D. & Casper (2013), Debating Globalization [eBook]. Oxford: Polity. Available from: ProQuest Ebook Central. Available: http://ebookcentral.proquest.com/lib/hull/reader.action?docID=1180917 Accessed on 05/18/2021.
Bran, F. (2015). GLOBALIZATION OF ECONOMY-PREMISES AND EFFECTS. USV Annals of Economics & Public Administration. Available online: http://eds.a.ebscohost.com.ezproxy.kedgebs.com/eds/pdfviewer/pdfviewer?sid=d916a67c-bf3d-402b-bae3-12f6c307bc81%40sessionmgr4009&vid=1&hid=4202 Guyana competitive rankings figure. Available at https://tradingeconomics.com/guyana/competitiveness-rank Accessed on 05/18/2021.
China’s coal consumption figure
https://biophyseco.org/2018/06/26/eight-insights-based-on-bps-statistical-review-of-world-energy-2018/ Accessed on 05/18/2021.
Guyana labour force survey 2020 https://statisticsguyana.gov.gy/wp-content/uploads/2020/10/GLFS_Bulletin_2020_First_Quarter.pdf
Hamilton, L., & Webster, P. (2015). The international business environment, 3rd edition.
Hill, C. W., & Hernández-Requejo, W. (2012). Global business today, 7th edition. Toronto, ON: McGraw-Hill Ryerson
Institute of Medicine (US) Forum on Microbial Threats & Institute of Medicine (US) Forum on Microbial Threats. (2006). The Impact of Globalization on Infectious Disease Emergence and Control: Exploring the Consequences and Opportunities: Workshop Summary. National Academies Press US. Available at https://www.ncbi.nlm.nih.gov/books/NBK56579/#summary.s1. Accessed on 05/18/2021.
Osland, J. S. (2003). Broadening the debate the pros and cons of globalization. Journal of Management Inquiry, 12(2), 137-154. Available online: http://journals.sagepub.com/doi/pdf/10.1177/1056492603012002005. Accessed on 05/18/2021.
Scholte, J. A. (2005). Globalization: A critical introduction, 2nd edition. Palgrave Macmillan.
Stabroek news (2021, May 9th). Republic Bank customer finds over $200k gone after suspected card fraud. Available at News.https://www.stabroeknews.com/2021/05/09/news/guyana/republic-bank-customer-finds-over-200k-gone-after-suspected-card-fraud/
UNDP. Human development report 1999. New York, UN Development Programme, 1999.
World Bank Govrnance and Institutions COVID_19 Response Resources https://www.worldbank.org/en/topic/governance/brief/governance-institutions-covid-19-response-resources
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