Routine
Sometimes people do not think of things that they see or do, especially when the occurrence becomes routine. This can also happen between countries. One aspect of the relationship between countries in the international community is the allocation of resources between them. Despite the vastness of the planet, resources remain scarce for a variety of reasons. For example, in Guyana, the resources to determine if oil existed and to extract it from the ground remain scarce since Guyana does not produce oil rigs and had no money to acquire them on its own.
The unavailability of oil exploration skill sets is an additional reason for the scarcity of oil in Guyana. In a global economy dominated by market participants, the allocation of resources between sovereign states takes place through official flows, financial markets, foreign direct investment and trade relations. Each set of financial flows can lead to changes in the economic welfare of countries and, at an aggregate level, increase the welfare of the global economy.
