Why oil in Guyana could be a curse

This podcast episode examines the potential risks and opportunities Guyana encounters due to its recent oil boom. It cautions against the "resource curse," highlighting risks such as authoritarianism, conflict, and economic imbalances. Despite these challenges, the episode emphasizes positive steps Guyana has taken to mitigate these, such as its resource fund. Additionally, it highlights the importance of diversifying the economy and supporting local businesses to ensure equitable distribution of benefits.