Introduction
Today’s column engages the fifth of the six listed social protection mechanisms [state employment] that are widely utilized to address persistent poverty in emerging oil-rich economies. Following that, I review my option for an UBI mechanism [universal direct cash transfers to citizens] as Guyana’s surest option for achieving this outcome. This latter task will require several columns going forward.
Item 5: State Employment
Widespread disdain for the quality of governance in developing oil-rich states, has made state jobs a rarely evaluated mechanism by external advisers like the IMF, World Bank, or IADB to contemplate for governments of emerging oil-rich states. Yet it has emerged as a central mechanism for wealth distribution adopted by emerging oil-producing countries!
