Windfall Revenues: Direct to Heaven or Direct the Other Way? By Thomas Singh

Guyana is country with deep divisions of an ethnic, even cultural, nature. It is also a resource- abundant country, where rent extraction and distribution have significant influence on the evolution of institutions and the nature of political and social interaction among the special interests that are spawned by natural resource rents. Taken together, the deep divisions and the resource abundance of the country, hold forth the prospect of a future that could go either way – direct to Heaven or direct the other way, as Dickens would say, depending on whether the deep divisions result in social upheaval or the richness of cultural diversity; and whether the resource abundance results in wealth and prosperity or the resource curse….READ MORE

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