Will Guyana’s oil doom it to becoming another Venezuela?

By James M. Roberts

Reprinted from The National Interest

The battle for the future of economic freedom in Guyana is being waged right now.

Its gross domestic product growth has improved in anticipation of an oil boom that is now coming on stream. The oil revenues could transform the country, as a petro-state, into the fastest-growing economy in the region.

Alternatively, the country could dissolve into dictatorship, corruption, and tyranny, as has been the case of its oil-rich neighbour, Venezuela, where economic freedom has been repressed and crushed.