Why oil in Guyana could be a curse

2024-12-23 22:55:03 source: category:Finance

In 2015, Guyana changed forever when ExxonMobil discovered major oil deposits off its coast. The impoverished South American country known for its thick rainforest was suddenly on course to sudden wealth.

But while a mining boom may seem like only a good thing, it can often be bad for countries long-term. Today on the show, how Guyana can still avoid the so-called resource curse.

Related episodes:
Norway has advice for Libya

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Music by
Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

More:Finance

Recommend

Trump hammered Democrats on transgender issues. Now the party is at odds on a response

ATLANTA (AP) — After losing the White House and both houses of Congress, Democrats are grappling wit

Austin Peay State Football Player Jeremiah Collins Dead at 18

The Austin Peay State University community is mourning the tragic loss of one of its student athlete

Margot Robbie Faked Her Own Death as a Kid to Get Revenge on Her Babysitter

This Barbie once gave her babysitter quite a fright.Margot Robbie recently reminisced about a not-so