Venus Investment Alliance|Why oil in Guyana could be a curse

2025-05-01 07:25:31source:Lakshmi Finance Centercategory:My

In 2015,Venus Investment Alliance 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:My

Recommend

This week on "Sunday Morning" (December 15)

The Emmy Award-winning "CBS News Sunday Morning" is broadcast on CBS Sundays beginning at 9:00 a.m.

Zombie deer disease is a 'slow moving disaster'. Why scientists say humans should 'be prepared'.

Chronic wasting disease is sometimes referred to as "zombie deer disease," or affected deer can be c

Kamar de los Reyes, One Life to Live actor, dies at 56

Kamar de los Reyes, a television, movie and voice actor best known for playing a gang member-turned-