How Guyana Plans to Get Insanely Rich in Just 5 Years

Skip the waitlist and invest in blue-chip art for the very first time by signing up for Masterworks: https://masterworks.art/casualscholar Purchase shares in great masterpieces from artists like Pablo Picasso, Banksy, Andy Warhol, and more. See important Masterworks disclosures: http://masterworks.io/cd Uncover the surprising story of Guyana s incredible economic transformation. Once considered one of South America s poorest countries, Guyana is now on track to become its richest. But how is this possible? Despite a history of socialism, colonial exploitation, and a harsh climate and geography, Guyana has become the fastest growing economy in the world. The answer is not straightforward and raises questions about the country s long-term sustainability. Join us as we delve into the complex factors driving Guyana s economic success and explore whether the country and its leaders can beat the odds and become a rare example of a thriving economy in South America. Why Venezuela s Economy is so Terrible: https://youtu.be/aNbdzycTsDI How Norway Got So Insanely Rich: https://youtu.be/9Wq2S1b-HCs – Contents of this video -------------------------------- 00:00 - Guyana’s Economy 00:56 - The Fastest Growing Economy in the World 03:22 - The Sugar Economy 05:42 - Flawed Independence 07:31 - Socialist Cooperative Republic 11:44 - Let there be Oil 13:44 - The Oil Curse 15:33 - How Guyana Plans to Get Insanely Rich in Just 5 years 18:21 - Will Guyana Succeed? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ CASUAL SCHOLAR IS MADE POSSIBLE BY OUR PATREON COMMUNITY! Support the channel by becoming a Patron today! 👉 https://www.patreon.com/CasualScholar The video you’re watching right now would not exist without the monthly support provided by our generous Patrons: Talon Hickey, Hayden Haun, Emmanuel Fredenrich, Pulaski, Adrian Willenbücher ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ – Sources used --------------------------------------------- -https://oilnow.gy/featured/guyana-to-spend-60-of-oil-revenues-on-development-projects-in-four-years/ -https://www.offshore-energy.biz/guyanas-oil-gas-revenues-booming-with-7-5-bln-expected-in-2030-says-rystad/ -https://guyanachronicle.com/2022/02/03/guyanas-infrastructural-transformation-set-into-gear/ -https://tradingeconomics.com/guyana/gdp-per-capita -https://www.ft.com/content/cc2642c5-7779-41c8-adb1-d86c1f01b6f1 -https://www.britannica.com/place/Guyana/History -https://www.heritage.org/index/country/guyana -https://www.reuters.com/world/americas/imf-urges-caution-oil-rich-guyanas-economic-growth-nears-60-2022-09-27/ -https://www.economist.com/the-americas/2017/06/29/will-oil-corrupt-a-small-caribbean-state -http://countrystudies.us/guyana/54.htm -http://worldfacts.us/Guyana.htm -https://newsroom.gy/2022/12/31/remarkable-without-oil-guyana-still-ranks-top-five-in-global-economic-growth-dr-ali/ -https://foreignpolicy.com/2022/12/16/guyana-oil-economy-gdp-exxonmobil-stabroek-resource-curse/ -https://www.reuters.com/article/guyana-budget-idUSL1N2U71TN -https://apnews.com/article/caribbean-south-america-guyana-240311c2c5ecb3dea7faf9f8d9761588 -https://www.economist.com/the-americas/2020/02/27/ahead-of-oil-riches-guyana-holds-a-decisive-election -https://www.economist.com/the-americas/2014/09/13/desperate-measures -https://www.economist.com/the-americas/2019/01/05/oil-riches-raise-the-political-stakes-in-guyana -https://www.economist.com/the-americas/2020/08/06/democracy-wins-in-guyana-and-suriname -https://www.economist.com/the-americas/2022/03/26/guyanas-tiny-population-braces-for-a-gusher-of-petrodollars #Guyana #GuyanaEconomy #GuyanaHistory #Economics #CasualScholar #History