July 27, 2024

Can Oil-Rich Guyana Avoid the Venezuela Curse?

Retrieved from The Daily Signal

Its gross domestic product growth has improved in anticipation of an oil boom that is now coming on stream. The oil revenues could transform the country, as a petrostate, into the fastest-growing economy in the region. Alternatively, the country could dissolve into dictatorship, corruption, and tyranny, as has been the case in its oil-rich neighbor, Venezuela, where economic freedom has been repressed and crushed. By James.M. Robinson. Full Text -> The DailySignal

Translation/ Traducción