AQ Podcast: Guyana, Oil and the Resource Curse
An overview of the past, present and future of Guyana’s economy as it deals with the discovery of massive oil reserves.
Eight years ago, a consortium led by ExxonMobil discovered offshore oil in Guyana now believed to total at least 11 billion barrels. As a result, Guyana now has more oil reserves per capita than any other country in the world — almost three times as much as Saudi Arabia. This colossal find has led to difficult questions about whether the country can avoid the so-called resource curse – and the effects on climate change. On today’s podcast, an overview of Guyana's economy and how it is handling the challenges of abundance. Our guest is Jay Mandle, professor emeritus of economics at...
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