Guyana’s Tsunami of Oil Wealth Poses Risks to World’s Top-Growing Economy
- Guyana weighs forming a national oil company for exploration
- Exxon’s massive offshore oil find transforms tiny nation
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The world’s fastest-growing economy, Guyana, is trying to stop a wave of oil wealth from bringing unwanted side-effects, according Vice President Bharrat Jagdeo.
The government wants to protect the country from so-called Dutch disease, whereby a resource boom leads to economic imbalances and a decline in other sectors, Jagdeo said.