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How Guyana Can Avoid the ‘Oil Curse’

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Added by MiAmigo
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Guyana’s economy is the fastest growing in the world, driven by a booming oil sector. The South American nation’s reserves are so vast that Venezuela is escalating claims to its neighbor’s oil-rich Essequibo region. Guyana’s fossil fuel supply poses other challenges, too. While natural resource windfalls can create phenomenal wealth, they can lead to hyperinflation, social and political upheaval and severe income inequality.

Chapters:
00:00 introduction
01:34 Guyana’s economic boom
03:25 The paradox of plenty
4:25 Risk of inequality
5:38 Escaping the resource curse

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