Current:Home > MyWhy oil in Guyana could be a curse-LoTradeCoin
Why oil in Guyana could be a curse
View Date:2024-12-24 00:39:48
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.
veryGood! (42)
Related
- Amazon launches an online discount storefront to better compete with Shein and Temu
- Aerial images, video show aftermath of Baltimore bridge collapse
- Joey King Reveals the Best Part of Married Life With Steven Piet
- What to know about the Francis Scott Key Bridge collapse in Baltimore that left at least 6 presumed dead
- Voters in Oakland oust Mayor Sheng Thao just 2 years into her term
- Michael Strahan’s Daughter Isabella Reaches New Milestone in Cancer Battle
- NBC hired former RNC chair Ronna McDaniel. The internal uproar reeks of blatant anti-GOP bias.
- Kia invests in new compact car even though the segment is shrinking as Americans buy SUVs and trucks
- In an AP interview, the next Los Angeles DA says he’ll go after low-level nonviolent crimes
- John Calipari will return to Kentucky for 16th season, athletic director says
Ranking
- Giuliani’s lawyers after $148M defamation judgment seek to withdraw from his case
- California Man Arrested After Allegedly Eating Leg of Person Killed by Train
- Debunked: Aldi's bacon is not grown in a lab despite conspiracies on social media
- Iowa attorney general not finished with audit that’s holding up contraception money for rape victims
- Demure? Brain rot? Oxford announces shortlist for 2024 Word of the Year: Cast your vote
- Pennsylvania train crash highlights shortcomings of automated railroad braking system
- Trader Joe's raises banana price for the first time in more than two decades
- Los Angeles Rams signing cornerback Tre'Davious White, a two-time Pro Bowler
Recommendation
-
2025 NFL mock draft: QBs Shedeur Sanders, Cam Ward crack top five
-
Caitlin Clark effect: Iowa's NCAA Tournament win over West Virginia sets viewership record
-
I've been fighting cancer for years. I know what's in store for Princess Kate.
-
Sean 'Diddy' Combs' lawyer says rapper is innocent, calls home raids 'a witch hunt'
-
Get Your Home Holiday-Ready & Decluttered With These Storage Solutions Starting at $14
-
Krystal Anderson’s Husband Shares Heart-Wrenching Message After Past Kansas City Chiefs Cheerleader Dies
-
Reseeding the Sweet 16: March Madness power rankings of the teams left in NCAA Tournament
-
Flaco the owl's necropsy reveals that bird had herpes, exposed to rat poison before death