(Stabroek News, 23.Mar.2018) – “While the front-loading of contracts and the securing of large contracts might be politically popular it might prove to be economically disastrous, University of Guyana Business Professor Leyland Lucas has said in an article that seeks, in part, to respond to the popular argument touting the virtue of so-called front-loading, that is, the drawing down of significant cash amounts of as yet unearned income from the oil and gas industry.
Lucas, who is serving as Visiting Professor at UG’s School of Entrepreneurship and Business Innovation (SEBI) says in his article that there could be pitfalls associated with the popular “up-front” or front-loading argument that has been steadily gaining traction among ordinary Guyanese.
The link to the full article follows.
https://www.stabroeknews.com/2018/business/03/23/head-of-ugs-school-of-business-not-sanguine-about-up-front-cash-from-oil-and-gas-industry/
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