A longstanding border controversy has worsened following a massive discovery of oil, a top official at Guyana’s foreign ministry writes for AQ.
AQ talked to Kleber Karipuna, member of the organizing committee of the OTCA presidential summit, on the challenges facing the region—from crime to carbon markets.
It’s an oft-stated parallel that is worth repeating: A big oil discovery in a country is like winning the lottery. And what happens to lottery winners? Almost 70 percent of them declare bankruptcy within seven years. Something similar happens to some countries after they strike it rich with natural resources. Massive inflows of money combined … Read more