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Guyana's Oil Boom and the Resource Curse | Guyana News
Guyana’s oil boom could rewrite its future—nearly 11 billion barrels of crude may catapult it from poverty to high-income status, but the nation faces a perilous tightrope: can it avoid the resource curse? With GDP soaring sixfold since 2019 and global giants rushing in, Guyana dreams of diversifying into tourism and minerals while forging new regional alliances. Yet weak institutions, labor shortages, and deep political divides threaten to turn windfall wealth into elite privilege. Infrastructure chaos, power outages, and governance gaps raise alarms—this is a make-or-break moment. Can…
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