Evander Ellis-Why oil in Guyana could be a curse

2025-05-05 23:26:37source:Chainkeen Exchangecategory:Contact

In 2015,Evander Ellis 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:Contact

Recommend

Elon Musk just gave Nvidia investors one billion reasons to cheer for reported partnership

Two names that consistently dominate headlines are Elon Musk and Nvidia (NASDAQ: NVDA). Both names o

Blast off this August with 'Guardians of the Galaxy Vol. 3' exclusively on Disney+

— Recommendations are independently chosen by Reviewed’s editors. Purchases you make through the lin

At least 4 dead and 2 critically hurt after overnight fire in NYC e-bike repair shop

At least four people are dead and five injured after a fire in an e-bike repair shop in lower Manhat