In the news: Foreign Policy Magazine thinks Guyana isn’t ready for oil

Foreign Policy Magazine did a story on Guyana which was published yesterday. They deem us ‘The Country That Wasn’t Ready to Win the Lottery’.

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Here’s an excerpt:

Some Guyanese simply assume that oil won’t produce meaningful change in their lives. A well-worn cynicism was on display one sunny morning in April at the Stabroek Market, where vendors sell everything from pineapples and clothing while touts organize bus trips to the interior. “I think just those in power will be more rich,” said Michael Persaud, an accountant who was sitting in an ice cream parlor near the market. “The small man will never see his way in this country under oil.”

Read more here.

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