Guyana: The World's Newest Petrostate

Jay Mandle, a professor emeritus of economics at Colgate University, joins host Arif Rafiq to discuss whether Guyana, now the world's newest petrostate and fastest-growing economy, can leverage its newfound oil wealth to change its destiny and avoid the "resource curse."

By 2035, Guyana could become the world's fourth-largest producer of oil. But it faces a host of challenges in exploiting these resources for the benefit of its population. In this episode, Mandle and Rafiq these obstacles, including climate change, longstanding ethnic and racial divisions, and threats from neighboring Venezuela.

 

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Guyana: Can the World’s Newest Petrostate Change Its Destiny?

 

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