oil economy

Guyana’s Oil Economy: Structural Challenges and Policy Responses, 2020–2026

A GBJ Special Report by Dr. Ramesh Gampat. Since 2020, Guyana has become the fastest-growing economy in the world — and one of the slowest-changing. This paper keeps score: what researchers and institutions proposed, what the government adopted, modified or rejected, and what has actually happened to exports, foreign exchange, human capital and procurement.

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The Guyana Marketing Corporation Reborn

Food prices in Georgetown rose 6.7 per cent in the first half of 2026, and the government is already reaching for the old instrument — chicken and eggs at advertised prices, farmers’ markets, talk of buffer stocks — without naming it. This essay traces the Guyana Marketing Corporation from its wartime birth to the day in 1985 it stopped trading, and proposes the narrow, limited, publicly accountable mandate that would make reviving it worthwhile.

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The Human Capital Paradox in Guyana: Investing More, Returning Less

Drawing on a book-length comparative study of eighteen countries, Ramesh Gampat and Minakshi Mahabir document what they call the 64/80 paradox: Guyana out-invests 64 per cent of its comparators in health and education, yet 80 per cent of them obtain better human capital outcomes. Efficiency deficits, inequality and governance failure explain the gap — and the oil window for closing it will not stay open for ever.

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