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Is it possible for someone to rewrite and edit this debate paper? Good day chair

ID: 1112944 • Letter: I

Question

Is it possible for someone to rewrite and edit this debate paper?

Good day chairman, fellow colleagues and my worthy opponents. The statement before us for discussion is “Manufacturing is a dying industry within the Caribbean, entrepreneurs and businesses practitioners are better served to invest in service-oriented businesses.” Mr. Chairman and colleagues after careful and thorough research by group four members we believe and stand firmly against the aforementioned statement. Therefore, entrepreneur and business practitioners should not serve to invest in the service-oriented business but invest in manufacturing industries because this investment tends to contribute significantly to the country’s Gross Domestic Product, employs a significant segment of the region and can deem as a sustainable industry in the Caribbean. Mr. Chairman and colleagues, please allow us to make this presentation. The term manufacturing industry refers to those industries which involve in the manufacturing and processing of items and indulge in either creation of new commodities or in value addition. The manufacturing industry accounts for a significant share of the industrial sector in the Caribbean. The final products can either serve as a finished good for sale to customers or as intermediate goods used in the production process. Manufacturing industries are broadly categorized into engineering industries, construction industries, electronics industries, chemical industries, energy industries, textile industries, food and beverage industries, metalworking industries, plastic industries, transport, and telecommunication industries. First of all, in general, the development of manufacturing industry is considered as a critical indicator of overall economic growth in any country. For instance, in Jamaica manufacturing sector is the most significant contributor to the economy among all goods-producing industries, constituting between 8 and 9% of GDP on a consistent basis over the last five years. Total manufactured exports increased by 25.8% in 2012, bringing the total value of exports for that year to over US$938 million. Also, in Trinidad and Tobago manufacturing sector will experience a modest recovery of 1.3 percent and is expected to contribute TT$7,633.2 million to the economy for calendar 2015. This figure represents an expansion of real output for the first time in three years. Therefore, the output from the sector will also account for 8.1 percent of actual gross domestic product (GDP), which is a marginal increase of 0.1 percent when compared to the sector’s contribution for the corresponding period one year prior. Secondly, the manufacturing sector provides employment opportunities and is considered one of the most important sources of the labour force. At least, one-quarter of the total labour force in the world is directly engaged in industrial sectors. According to the World Bank statistics, in 2015 the manufacturing industry employed 22.5 percent of the region’s labour force as well as providing a transitional opportunity to the labour force in agriculture. In addition, the manufacturing sector has a multiplier effect for job creation in the services sector. According to National Manufacturing Policy 2011, every job created in the manufacturing sector creates two-three additional jobs in related activities. My Worthy Opponents, given all the facts provided thus far, can we really say the manufacturing industry is dying within the Caribbean? Lastly, the manufacturing sector is equally vital for the long-term economic sustainability of the Caribbean. As stated President of the Jamaica Manufacturers’ Association (JMA), Metry Seaga manufacturing continues to be one of the key pillars of economic growth and offers some of the best opportunities for Jamaica to reach its target of US$2.5 billion in exports by 2020. Also, in Trinidad and Tobago. Therefore, this denotes that, the manufacturing sector is worth to invest on as it continues to expand and experience growth across the Caribbean. In closing, my opponents, it can be said that the manufacturing industry is living and growing within the Caribbean and it will continue to play an irreplaceable role in driving growth and economic development in the Caribbean.

Explanation / Answer

Very very good morning to my dear chairman,my fellow colleagues and my worthy opponents.Today we are to discuss on a topic that is equally important to discuss and well knowned and the that topic is “Manufacturing is a dying industry within the Caribbean, entrepreneurs and businesses practitioners are better served to invest in service-oriented businesses.”
Mr Chairman and my fellow colleagues me and my three group members had gone through a careful and thorough research on this topic and we believe and stand firmly against the mentioned statement.

So we believe that the entrepreneur and business persons should invest in the manufacturing industries as this investment contribute significantly to the country’s GDP,that helps in the employment of significant segment of the region and can deem as a sustainable industry in the Caribbean rather that investing only in service-oriented businesses.
So please allow us to make this in presentation.
The industries which involve in the manufacturing and processing of items and indulge in either creation of new commodities or in value addition is considered as Manufacturing industry.
These industry accounts for a significant share of the industrial sector in the Caribbean. The final products can either serve as a finished good for sale to customers or as intermediate goods used in the production process. Manufacturing industries are broadly categorized into various industries such as engineering industries, construction industries, electronics industries, chemical industries, energy industries, textile industries, food and beverage industries, metalworking industries, plastic industries, transport, and telecommunication industries. First of all, in general, the development of manufacturing industry is considered as a critical indicator of overall economic growth in any country. For instance, in Jamaica manufacturing sector is the most significant contributor to the economy among all goods-producing industries, constituting between 8 and 9% of GDP on a consistent basis over the last five years. Total manufactured exports increased by 25.8% in 2012, bringing the total value of exports for that year to over US$938 million. Also, in Trinidad and Tobago manufacturing sector will experience a modest recovery of 1.3 percent and is expected to contribute TT$7,633.2 million to the economy for calendar 2015. This figure represents an expansion of real output for the first time in three years. Therefore, the output from the sector will also account for 8.1 percent of actual gross domestic product (GDP), which is a marginal increase of 0.1 percent when compared to the sector’s contribution for the corresponding period one year prior. Secondly, the manufacturing sector provides employment opportunities and is considered one of the most important sources of the labour force. At least, one-quarter of the total labour force in the world is directly engaged in industrial sectors. According to the World Bank statistics, in 2015 the manufacturing industry employed 22.5 percent of the region’s labour force as well as providing a transitional opportunity to the labour force in agriculture. In addition, the manufacturing sector has a multiplier effect for job creation in the services sector. According to National Manufacturing Policy 2011, every job created in the manufacturing sector creates two-three additional jobs in related activities. My Worthy Opponents, given all the facts provided thus far, can we really say the manufacturing industry is dying within the Caribbean? Lastly, the manufacturing sector is equally vital for the long-term economic sustainability of the Caribbean. As stated President of the Jamaica Manufacturers’ Association (JMA), Metry Seaga manufacturing continues to be one of the key pillars of economic growth and offers some of the best opportunities for Jamaica to reach its target of US$2.5 billion in exports by 2020. Also, in Trinidad and Tobago. Therefore, this denotes that, the manufacturing sector is worth to invest on as it continues to expand and experience growth across the Caribbean. In closing, my opponents, it can be said that the manufacturing industry is living and growing within the Caribbean and it will continue to play an irreplaceable role in driving growth and economic development in the Caribbean.

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