Will Prime Minister Nagamootoo lead the Guyanese people to economic freedom?

Guyana's Prime MinisterHon. Moses V. Nagamootoo is from Berbice, Guyana. A man with a wife, Sita Nagamootoo and four children is now at the helm of taking the Co-operative Republic of Guyana to greater prosperity. An attorney at law with great political experience, and an accomplished journalist and author, Guyanese electorate has firmly placed their economic destiny in his hands.

Political Journey – (Sourced from afcguyana.com)

  • He entered politics at age 14 in 1961 when he joined PPP-led anti-colonialist struggle for Guyana’s independence.
  • 1964 -1976 member Progressive Youth Organisation (PYO)
  • 1964-2011 member People’s Progressive Party (PPP)
  • 1966: A founder of National Union of Students, and first Organising Secretary
  • 1964-1992 Activist for restoration of democracy, press freedom and human rights
  • 1992/2 & 1995-2000 Senior Government Minister
  • 1992-2001 & 2006-2011 Member of Parliament –PPP
  • 2011-2012 Alliance for Change (AFC) Vice-Presidential Candidate & Member of Parliament
  • 1992/2001; 2006   Member of Parliament
  • 1992 –2001(broken)    Member of Cabinet under and Chief Speech Writer for four Presidents (Cheddi Jagan, Janet Jagan, Samuel Hinds and Bharrat Jagdeo)
  • Senior Minister of Information; Senior Minister of Local Government & Regional Development with responsibility for Information & Amerindian Affairs
  • 1996-2001  Member of Select Committee on Constitutional Reform
  • 1999/2001  Chairman of Oversight Committee of the Select Committee on Constitutional Reform
  • 2006- 2009 Member, Foreign Relations, Standing Orders & Constitutional Reform Committees and Committees on Anti-Money Laundering and Finance of Terrorism Bill & Legal Practitioners Bill.

Economic freedom is a vital element of every country’s development. It is, “the fundamental right of every human to control his or her own labor and property. In an economically free society, individuals are free to work, produce, consume, and invest in any way they please. In economically free societies, governments allow labor, capital, and goods to move freely, and refrain from coercion or constraint of liberty beyond the extent necessary to protect and maintain liberty itself,” according to the Heritage Foundation.

Economic freedom brings greater prosperity. The Index of Economic Freedom documents the positive relationship between economic freedom and a variety of positive social and economic goals. The ideals of economic freedom are strongly associated with healthier societies, cleaner environments, greater per capita wealth, human development, democracy, and poverty elimination.

According to The Heritage Foundation — A research and educational institution in Washington, D.C.) — “Guyana’s economic freedom score is 55.5, making its economy the 123rd freest in the 2015 Index. Its overall score is 0.2 point worse than last year, with improvements in freedom from corruption and labor freedom counterbalanced by declines in property rights and the management of government spending. Guyana is ranked 22nd out of 29 countries in the South and Central America/Caribbean region, and its overall score is well below the world and regional averages.”

It is important to note that the total number of countries ranked was 178.

The report further states that, “Over the past five years, Guyana has recorded the largest score improvement of any South and Central American country. Since 2011, its economic freedom has advanced by 6.1 points, with impressive score increases in government spending and investment freedom. As a result, Guyana’s economy has moved from “repressed” to “mostly unfree.”

The report concludes that the country’s environment for aggressive growth needs positive changes. It points out that political unrest, violence, the negative impacts of the drug trade, and the inability to obtain financial investments present challenges to future growth. Read more here.

Do you think that Prime Minister Nagamootoo will use his knowledge and political skills to effectively revive Guyana and its people?

By Karl A. Haughton

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