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The Real Story
Bonus: The curse of the world's fastest growing economy
Mar 26, 2024
Exploring Guyana's economic boom from oil discovery, environmental risks, and wealth distribution concerns. Discusses territorial dispute with Venezuela, impacts on environment, and balancing oil exploration with climate change. Contrasts management of oil reserves in Norway, Nigeria, and Guyana, highlighting the importance of best practices in resource management.
27:15
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Quick takeaways
- Oil discovery in Guyana offers economic benefits but raises concerns about wealth distribution.
- Guyana's vulnerability to climate change poses risks to its biodiversity and eco-tourism amidst oil extraction.
Deep dives
Discovery of Oil in Guyana
Guyana, once a political and economic backwater, has become the fastest growing economy globally due to its oil discovery. This transformation presents both economic opportunities and environmental challenges, raising questions about the sustainability of Guyana's newfound wealth.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode