WEBINAR

Friday, November 19, 2021, 10:30am-11:30am EST STRATEGIC CONSIDERATIONS FOR LOCAL CONTENT REQUIREMENTS IN GUYANA’S OIL SECTOR Presenter Dr. Jerry Haar, Department of Business, Florida International University. Panelists Dr. Anthony Bryan,…

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To Charrandas, or not to Charrandas? The Socio-economic & Political Forecast for Guyana 2019: Economic Growth & Political Uncertainty.

The GBJ believes that the success of the no confidence motion and its aftermath coupled with the emerging oil economy has once again provided the key stakeholders with the opportunity to act boldly to seize a “grand bargain” that would see a genuine Government of National Unity preside over the emerging oil economy for the next six years. The broad outlines of the marriage of the economic, security, and environmental bonafides of the three key ethnic groups and its potential impact on Guyana’s social cohesion are clear. The GBJ believes that movement of this type in the political sector, now, would provide the impetus for robust economic growth in 2019. 

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Computations

In this week’s  installment from the GBJ we address the question of revenues from the impending oil production. In an earlier post we noted that the main direct effect of the…

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A Look In The Mirror

Evidently, these discoveries will provide Guyana with much needed and welcomed additional financial revenues for growth-supportive investments and social expenditure, as well as financial buffers against adverse economic shocks. However, oil discoveries tend to make non-oil sectors less competitive via the appreciation of the real exchange rate (Dutch disease) and can induce macroeconomic volatility (van der Ploeg and Poelhekke, 2009). How does a young woman in Ozama St. North Ruimveldt win this game? GBJ will take up aspects of this question in next week’s installment.

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