How Guyana Plans to get Rich in just 5 years
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- เผยแพร่เมื่อ 14 มิ.ย. 2024
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Uncover the surprising story of Guyana's incredible economic transformation. Once considered one of South America's poorest countries, Guyana is now on track to become its richest. But how is this possible? Despite a history of socialism, colonial exploitation, and a harsh climate and geography, Guyana has become the fastest growing economy in the world. The answer is not straightforward and raises questions about the country's long-term sustainability. Join us as we delve into the complex factors driving Guyana's economic success and explore whether the country and its leaders can beat the odds and become a rare example of a thriving economy in South America.
Why Venezuela's Economy is so Terrible: • Why Venezuela's Econom...
How Norway Got So Insanely Rich: • How Norway Got So Insa...
- Contents of this video --------------------------------
00:00 - Guyana’s Economy
00:56 - The Fastest Growing Economy in the World
03:22 - The Sugar Economy
05:42 - Flawed Independence
07:31 - Socialist Cooperative Republic
11:44 - Let there be Oil
13:44 - The Oil Curse
15:33 - How Guyana Plans to Get Insanely Rich in Just 5 years
18:21 - Will Guyana Succeed?
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- Sources used ---------------------------------------------
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-www.offshore-energy.biz/guyan...
-guyanachronicle.com/2022/02/0...
-tradingeconomics.com/guyana/g...
-www.ft.com/content/cc2642c5-7...
-www.britannica.com/place/Guya...
-www.heritage.org/index/countr...
-www.reuters.com/world/america...
-www.economist.com/the-america...
-countrystudies.us/guyana/54.htm
-worldfacts.us/Guyana.htm
-newsroom.gy/2022/12/31/remark...
-foreignpolicy.com/2022/12/16/...
-www.reuters.com/article/guyan...
-apnews.com/article/caribbean-...
-www.economist.com/the-america...
-www.economist.com/the-america...
-www.economist.com/the-america...
-www.economist.com/the-america...
-www.economist.com/the-america...
#Guyana #GuyanaEconomy #GuyanaHistory #Economics #CasualScholar #History
As a Guyanese, Guyana needs to reduce corruption and strengthen it's institutions in order for us to prosper. Corruption needs to be eliminated, our police force, army, public services etc. are all weak and recieve extremely low salaries although we have been pumping oil for years. Imagine a police or teacher earning less than $500usd per month with rising prices..
Well said!
P
Sadly... Look at your eastern neighbor. Bad government can bring every wealthy country down.
It depends,500 US can buy more in some countr8es than in the US itself
started receive oil money in jan 2022, so your analysis is totally wrong, so do you expect every gov worker to instantly
to have a big salary?
I hope they become like Norway, emirates or Qatar, rather than Angola or Nigeria. All are oil rich countries, with different resources managements strategies
Qatar lol he said)
You gonna compare qatar and Norway?
@@Justicewarrior795 why not? both nations invest and used their oil in similar ways
@@Justicewarrior795 yes, I like the country alot, and have you seen their sovereign wealth fund?
Even if you don't like the country, you have to appreciate their investments in a SWF, rather than wasting it on welfare or leaders personal wealths
@@Justicewarrior795 why are being so pathetic?
I lived in Guyana for a year when I was 10 years old in 1995. Guyana was so poor when I lived there and it was a perfect example of what happens when your infrastructure collapses and corruption takes over. I would love to see the region at least catch up with it’s neighbors. I really hope this works out, but with the levels of corruption in the government who knows what will happen.
You know something I am tired of people saying that Guyana was so poor so poor. Well let me tell you something I could remember 1995 I was in primary school around that time. And I remember $ I remember playing $1 for a plate of food at my school canteen when I used to live on the Linden Highway kurukuru. Today a dollar we don't even spend that since you break a 5,000 dollar bill it's finish and you don't even see what you buy with it. Right now prices are escalating for everything especially fresh food like greens right now I live like a true Americana I eat everything out of a can it's cheaper for me.
@@anthonyshatta57 becareful wid dem cannon thing ...
Guyana roads are another reason why the Country can’t flourish. No side walks and
😊
@@anthonyshatta57in the 80s and 90s Guyana was in a mess ..no flour food stuff was transported from neighbouring county...etc no food ..that what ppl talking Guyana was bankrupt..by the n......... 4 pm ...so u don't know those days
When its neighbor, Suriname, got independent in 1975, it was the richest country in South America.
Hydro power for the aluminium industry, good roads, education and health care. Mismanagement and greed from corrupt government and military has brought the country down. Half its population now lives in the Netherlands and the country is poor. People from Guyana used to work in Suriname, that's going to change the other way around. As long as it lasts.
Guyanese owe a debt of gratitude to your people! 🙏🏽
Guyanese here🖐. It's good to see a channel portraying Guyana in a positive light but In the end it all comes down to good management of resources. I've seen the rise and fall of great nations due to mismanagement of resourses. So It will take a collective effort by both the government and people to steer Guyana in the right direction.
As well as avoiding western exploitation
When is the last time you've seen the rise and fall of a nation?
Guyana used to be prosperous until gaining independence then went downhill after nationalizing foreign assets. The country may consider using some of their new financial windfall on developing an ecotourism industry to show off their natural wonders in the rain forests and mountainous regions. Those are far away from the farming and mining operations.
@@zackgravity7284 as well as chinese exploitation. Eg Venezuela and its oil resource.
No where in guyana kids were eating on the garbage
As a Venezuelan I truly hope Guyana will improve and develop in the future, I really wish they will learn from us that things will not get better for the average person unless they secure an efficient and honest government that works for the nation’s best interests, without any corruption to harm the progress. Sending my best wishes to the Guyanese people👍
O c’mon they are our Enemies!!! They stole our territory and now they are stealing our natural resources. As a Venezuelan I don’t have any sympathy for them 🤬
Venezuela share his oil with all caribbean that was petrocaribe before crisis not selfish as thei anglosaxon caribbean neighbour that stole a part of their land with essequibo.
@@marlene97280nobody stoled Venezuela land. Keep dreaming
I wouldn't worry about Guyana. It's the mess in Venezuela that needs to get fixed!
do u love communism
I hope they do man. Being Brazilian i will always support other South American countries...
It's always good to know that your big brother watch over you👍🏾 ❤ 🇧🇷
@@anthonyshatta57Didn't Brazil just recently intervene when Venezuela wanted to invade Guyana?
Hope Guayana will improve dramatically in years to come. Hello from Ecuador! 🇪🇨
their main challenge is the low population size...they will need to somehow stimulate imigration in order to have the worforce needed for all the infrastructure they will need to build
Regretting that this was not left in the final cut of the video.
@@CasualScholar migration should not be an issue
More than half of all guyanese population lives outside of their country as migrants! Government should help them to return instead importing in foreign migrants!!
Plans already on the way to import labour.
@@overcheats4518 Its a poor undeveloped country with a history of racist communism. Immigration will be a problem.
As someone born in Guyana and who's visited a few times since leaving. I will say it does look busier and I even know some people aiming to be entrepreneurs there, still I'll believe it when I see it. I don't doubt it can happen I just don't have high hopes that it will
If you were European or of Mongolian stock you would not be sayo g that at all. Its the deeeeeep pessimistic, negative, self destructiveness of the dark peoples of the world that ensure we will NEVER TILL THE WORLD END, achieve the status of the White it Mongolian nations.
@@winstonmaraj8029 first of all is Mongolian stock how you refer to east asians? Secondly there are countries that I do have hopes for example I have hope that Rwanda can continue its success and become a very successful country, Paraguay I believe may be able to better themselves, I think even India has a better hope of leveraging its large population and resources to turn itself into a succes. My doubts of Guyana come down primarily to the leadership, the culture rampant in the political class and the tribalism among the electorate giving me low hopes to a change in the political climate.
Even then I don't doubt Guyana can become a wealthy country I just am not sure it won't fall into the traps that many countries that fall into sudden wealth do where either the wealth is squandered or it only benefits the politically connected. If becoming rich in 5 years is truly the idea of those in charge and not just a catchy title for this video that makes me worried about how much they'll be spending.
Still there moves with the sovereign wealth fund and plans to invest in health and education give me hope that it will actually turn out well but until I see more I'm not holding my breath.
@@Dark6997 So Rwanda is a dictatorship-just todae their last independent journalist was killed.
Paraguay, as most other Latin countries has the ingrained Hidalgo Syndrome and most likely not make it.
I wasn't being derogatory to East Asians-my great gran mum was actually if that ilk.
But my greater point still stands-the almost genetic pessimism of the dark folks. A good friend of mine from the same stock like me bet that Fusion would take another 30 years for a breakthrough the week before there was that long hoped for ignition.
Do a little research by ethnic groupings and see for yourself. The songs speak for themselves-a longing for heaven and leaving vs actions to better the world we live in. Another bet-none of the breakthroughs that matter will ever happen in LAC, Africa, South or South East Asia.
@@winstonmaraj8029 you claim I have pessimism for dark folks when I literally pointed to some that I think have good chances. Also I never said anything about Rwanda's political freedoms or free speech but the government has made impressive moves economically. As for the rest of this there's too much to go over so I won't bother addressing it all. I don't know what fusion has to do with any of this that seems like the most irrelevant topic here. The only thing I can see based off your next comment is that you're trying to say most nuclear physicists are dark? Correct me if I'm wrong about what you're saying because that's not true and irrelevant to anything I'm talking about.
Although to add to that you seem to think I don't have hope for Guyana because the people are dark. First I have hope they're just not high. Second that's not at all why it's from the political, social and developmental problems of the country and from the fact that often times when countries get rapidly wealthy due to natural resources it's often squandered. Even if the government ends up using the wealth for good they often initially squander it before the right people come along and changes the operations of things. When I say squander I don't even just mean stealing money or giving it to their friends but we've seen examples of well intentioned projects that lack the proper foundation that just end up wasting the money. Just look at Venezuela's previous infrastructure projects the right people understood how to improve the country weren't in charge and while there were some benefits to the infrastructure projects it over all was a waist of money.
With the current govt I have hope. It won't happen overnight. And corruption, nepotism and political tribalism are big issues. But the overall direction is right.
As a Trinidadian who has seen how Guyanese where treated when they came to Trinidad for a better life decades ago, i truly wish the best for Guyanese people and hopefully the Guyanese Government don't do what there counter parts did here in Trinidad.
I glad you Remember those days probably you is one of those who ill treat Guyanese, we waiting for Trini to come here
Wow..Seriously.
Trinidad & Tobago update its Trade, Defence & Diplomatic Ties with India & both Countries signing a FTA ! 🇮🇳🤝🏻🇹🇹
@@jigziemootoo5033 many Trinidadians also helping Guyanese
@@jigziemootoo5033 Stop making a cuck out of yourself.
As a Western, I wish my fellow Caribbean neighbour best of luck!!! But don’t be the next Venezuela or Trinidad who squandered the oil dollars!!! Corruption is real and every politician will want their piece of the pie!!!
This isnt a joke, As a Trinidadian over the past 2 decades we're accustom to Guyanese migrant coming to Trinidad and Tobago to seek a better life because of how tough they had it there. In the past 4-5 years we've seen any influx in Guyanese wanting to return to their country and Trinidadians ironically, wanting to migrate there because of the improvement over there
I am Trinidadian with Guyanese parents and trust me most Guyanese in T&T are in no hurry to go back to Guyana and no Trinidadian with sense would actually consider moving either. I wish them the best though and I hope everyone benefits from the windfall.
@@Rman775 Why you said that?
Guyana has God blessing
Hey, Trini. I'm trini too.
@@Gemz0001 And other countries don't?
Wow I never expected Guyana to be featured on this channel. This is a great video. My parents are from Guyana and I visit often. Looking forward to seeing Guyana thrive. 🇬🇾
oh, I am sure the corrupt politicians WILL
@@Ryan-Fkrepublicnz what do you mean corrupt politicians
Especially being one of the most underrated English speaking countries in the world and the only one in South America not counting Falkland Islands the UK Territory.
Will be better than any western country in the world! After Russia and China nuke the shit out the US 😅😅😅
@Ryan I learned that our words are very powerful. They can speak death or life. Our words sow seeds of discord or seeds of prosperity, peace and love. With that being said, in the Name of Yeshua ( Jesus' Hebrew name) , I SPEAK crop failure over every negative word that has been sown in a negative way toward Ghana. We speak life and not death over Ghana's prosperity. 🙏🏿 sending the Motherland prayers and love from California ❤️ 🇺🇸
I'm so happy for my West Indian brothers 💪much love 🇬🇩
Guyana is not in the "West Indies". It is in South America. The citizens are African, Indian, Portuguese, Chinese, Native Americans, Europeans and others from Columbia, Venezuela .
@@hgfh4684 I take it you're not a west Indian and completely ignorant of Caribbean culture. If you knew what you were talking about you wouldn't have made that comment lool
@@hgfh4684 Guyana is west indes, as it is considered part of the Caribbean due to its cultural and historic ties there, which is otherwise referred to as... the "West Indes"
@@hgfh4684 Guyana IS Caribbean and WEST INDIAN. if you from the Caribbean you'll know what I mean, as a Trinidadian myself
@@chillin5703 that is correct !!
Great video. Even-handed, clear points, and well-edited. Thank you!
My grandfather was born there. Hopefully he gets to see the country succeed
Get you citizenship it's only $100
I'm Jamaican decent (mom) and JA will recieve 88 Billion in oil next year, I too will get my citizenship.
@@Karibbean receive 88 billion from where ? lol and what citizenship did you pay for if i may ask.
This is exactly the same case for Suriname. They recently discovered huge oil fields just off the coast. Let's hope these two countries are wise enough not to be like Venezuela
Is the discovery also in the territorial waters of the country? Because it would be interesting if French Guiana, which is adjacent to them, also finds oil. This could change the energy balance in Europe
@Itsme Alex I don't think Morocco has the ability to exploit oil within the Spanish EEZ
Venezuela is a mess because of draconian Western Sanctions perpetrated by US & NATO Countries. Venezuela was doing very well, until the sanctions. Let's not forget this 64 Ton Gorilla in the room!
Suriname is way to corrupt tho
Suriname also has a lot of political issues, I really hope they can once leave it behind but I don't see it happen soon. Also I hope my country doesn't try to help out again as the previous colonizer. We fucked up our own oil profits for short term succes instead of long term growth like Norway.
One thing i like about this infomation channel, is that he gives the watcher the means to confirm what he is saying, with the links to the sources of the information. After that, is up to the watcher to confirm what was said. Well done!
This is the third Casual Scholar video that I have watched. In my view, there is nothing casual about his scholarly analysis of each subject. 'Why is Latin America still Poorer . . .', 'California's Economic . . .', and this one on Guyana are sterling examples of good research, unbiased analysis and logical presentation that should serve as an example for any aspiring presenter on any subject.
I really appreciate your comment. Thank you!
100% Agreed.
Best wishes and love to Guyana from India 🇮🇳
thanks :)
Which part of India r u from ...lots of singh in guyana
@@Sthmohtwenty i am from guyana, love to india :))
@@Optimus12394 me 2 .....
@@Sthmohtwenty Bihar
I’ve been to Guyana a few times and lived for 15 years close to its border with Brazil. Unfortunately, I must say that I doubt Guyana will become a developed country anytime soon. If that is to happen, they must learn from Venezuela, which had great infrastructure but never solved social problems such as income inequality and the lack of economic diversification.
If the Guyanese use the oil wealth to fund economic diversification, and manage to radically decrease crime and corruption, maybe they have a shot at becoming rich.
I agree
Unfortunately, often when a poor country becomes rich, the people of said country don't become richer, as the owners of capital and institutions want more for themselves. Just like in Venezuela, this might not help, but worsen the income inequality
Unfortunately, what happened in Venezuela where the population became even poor and the wealth the socialist government officials got wealthier- Is what is likely to happen if they don’t understand the dangers
Guyana stick with BRICS nations and get developers. Guyana will flourish!
Have to defend against the hegemony that wants to see one superpower and subservient nations.
This video documentary gave me so much insight into economics & finance. Your channel has great added value. Enthusiast from Europe.
The people of guyana must put their colonial mentality behind them if they want guyana to be the richest country in the world... They must really believe in being ONE PEOPLE, ONE NATION, ONE DESTINY.
Seeing as less than 7% of the country are even old enough to remember colonialism and around a quarter of the country is under the age of 18 they dont have any excuses for shaking off the colonial mentality. It's less a mentality and more about corruption in the government.
For a comparison 60 years after the end of colonial rule the US had reached the Pacific coast and was becoming one of the worlds most powerful countries, South Korea was the worlds 16th largest economy and rapidly growing, Taiwan was experiencing a similar rise (GDP roughly doubled from 1995-2005 for example), India became one of the worlds greatest powers within 60 years even leading the non alignment movement of the Cold War, and just 30 years after independence most of the Warsaw pact and former Soviet states are wealthy and successful, and even Poland who spent most of the last 300 years split apart and experienced one of the worst genocides of the last century.
I live in Guyana, people's mentality is not prepared for it, education is very poor, people are racist and violence over racial issues are frequent, politicians don't invest the money properly, society and human rights are so worthless, garbage all over, rapings and thieves everyday, suicide rate sky high, people rather having 3 to 5 kids before even start a carrer.
Lithuania will soon be making semi conductors. Due to friendship with Taiwan. You should make video on that.
It's fortunate that they are a NATO member, Lithuania will need strong national security and border controls, being next to Belarus and Russia.
my grandparents fled Guyana in the 60s and met at Howard in DC and had my father. while i’ve never felt culturally connected to my history or ancestors, it makes me proud to know that the country is growing and becoming some place that would be fun to visit
Same except it was my parents in the late 80s. I'm excited to be able to finally visit. My parents always forbade me before for obvious reasons.
Pride is the worst sin,watch out!
@@flymakena Why would being happy from achievements would be a sin? How for example feeling pride of reducing poverty and crime rates would be a sin?
@@flymakena, 🐐 "woke"
Guyana is mix culture..u will fit in however u like ...no dominant in culture ....but becareful with the choke and Rob...as a Guyanese living away ..return 4 holiday was attacked in broad day lite by d arcade and don't let me tell who attacking me ..d usual ..n........
Way to many layers to deal with. Lack of education, healthcare, infrastructure and stable law enforcement. Hope they overcome the rampant corruption as well.
They need to insist on mandating financial transparency, as a condition of office and for public funds, or corruption and inefficiency will destroy them.
Wow Casual Scholar this might be my favourite video of yours yet. You're a total inspiration and actually because of seeing your success I've decided to start making videos too! Keep grinding, your hard work clearly pays off!
go on lad
w
Your videos seem good. Try making some shorts. Should give a good boost to your audience!
Oh my god bro i love your style of video, definitely gonna watch yours
Best of luck to you :) keep up the great work!
Wow. It’s killing me how little footage is actually from Guyana
I love Guyana it's a beautiful country I lived in Surinam for a few years... but I was visiting Guyana...if possible I would love to live in your country...I'm from the Netherlands
I think they are very open to foreigners.
This channel is amazing and I hope to watch it grow. It deserves millions of subs
As a Nigerian I’m really rooting for Guyana, but I feel like I’ve seen this movie before and I’m not too optimistic😢
We know what you mean...but i think they will benefit from some percentage of it....the world is too much big fish eats the little fish. Primal.
The only thing I'm worried about are the costs of housing, food, etc rising but the wages staying the same
@@Ronsquaremy Luanda special
I hope my country can use this opportunity to get into the mainstream!
Thanks
Well done all the way through.
They should spend their oil earnings on more things they can export, such as making aluminium from the bauxite, rather than selling the raw material, and then building up their manufacturing. If they have water they have hydroelectricity, which is what is needed to cheaply turn bauxite into aluminium. Where there is bauxite there is often tungsten and gallium. They could also turn cane sugar into ethanol, which can then be turned into biofuel and alcoholic drinks using their abundant water source.
More than likely, a LOT of the oil revenue is going to disappear into someone's pockets instead of where it's supposed to go. For as far a I'm aware, the corruption and nepotism problems that the country has faced have not really gone away...
Hard to steal from a wealth fund that can be tapped by only parliamentary approval
Beautiful guyana need more population to help develop the country...
I really appreciate these great stories of success!
I am the holder of a well paying job in Guyana which is roughly about $7200 USD yearly but after living expenses are taken out I have around $3600. With the country currency being relatively weak makes import very hard and not enough fund for higher level of education like college makes life a living hell. NB: Average jobs pay around $3600 so you do the math how people are living.
One should live between their means...some ppl I guyana doesn't c a dallllah but still live happily
The internet allows us to self educate in a way past generations could only dream about.
Well perhaps soon they can start paying for expertises. Produce more and then eventually have specialized imports for consumers and certain products that can eventually be manufactured in the country. when things get stable enough.
With all that oil...Guyana can afford free education like Germany to it eligible citizens and free health care for all citizens like Canada! Just the matter of time. Rome was not built in a day!!!
People can plant their own food! Everything grows like weed in Guyana.
Really well-researched and informative video, thank you sir👌
stunning video work.............thanks
The most UNDERATED English speaking country in the world that no one ever talks about!
Thanks for the documentary. I am hopeful for Guyana 🇬🇾!
Very interesting video. I really hope they can make it work, it would be insanely sad if what happened in Venezuela happened again to their next door neighbor.
As someone who lived in Guyana for a number of years, I can tell you every time the country has gotten an influx of wealth it has been pocketed by those in power who then use it to flee the country and live prosperously elsewhere. They do not invest it within their own country, and seeing as most of the same political figures who were there when I lived there are STILL there, I don't see why this will be any different. More Guyanese live outside Guyana than live in it. Anyone who can afford to gets the hell out.
I am living in Guyana atm and even know the president mother as she was my English teacher . We are currently stagnated atm even with the oil wealth cuz Guyana owns less percentage share than the foreigners who invested in the oil project btw. The citizens barely seeing wealth going to the public , our roads have so many potholes and can’t even spent money on it cuz most of it goes to the our corrupted government . Same shithole country sad .😢
I hope with the new found oil wealth; Guyana doesn't become a Venezuela. But with history of corruption and 2 groups saying it's my money no it's my money; there is a very high risk of Guyana being poorer than Haiti
Hey, finally a country seeing the ressource curse and trying to avoid it! Best of luck over there!
I’m genuinely impressed by Guyana. I went to college with a guy from there. Really nice dude. Hope they use the money to diversify their economy like the emirates
Brother is sadly never going to happen. Its been corrupt since it gained independence, my fathers family left when he was 5 right after the independence and nothing has changed. Hell the corruption has probably gotten worse.
GUYANA IS A HOUSE OF ARROR
Very good documentary. Well done.
Dutch Guyana today is the country of Surinam. British Guyana became the independent country of Guyana. French Guiana remains as French possession.
The French part is by far the richest with the best education and healthcare system.
The longest French land border is with Brazil as a result.
kuya you dont say? you are brilliant
@@nox5555
Thanks to French subsidies as besides the space program, it has nothing going for it.
Once again, another excellent video! 👋
Interesting suition for Guyana. Great video, thank you!
Iran in the same year (2019) discovered a new oil reservoir with a massive amount of 53 billion barrels in Khozestan province, bringing its total reserve to 208 billion barrels and elevating it to the third-largest in the world behind Venezuela and Saudi Arabia. Thanks for your great video
thanks for a useful and rich in knowledge video .
Casual Scholar, congrats for your videos. You are among my favorite channels. As scholar in a European university, I use your videos as a source of information. One interesting topic, might be how the Gulf states have used their own oil wealth. It seems they 've been succesful to handle their own wealth. Care to make a video about it?
Very EDUCATIONAL...
Very nice explanation
Guyana is a blessed nation and it will continue to be blessed.
How??? Did you not watch any of the above video?
Amen!
Blessed ? With what ? By whom ?
@@johannbrandstatter7419 Got very good humble people's I know from Gayana over years as they says hope now is there and we shall all rejoice +44
🕉
You can change the economy but not people's mind. People who grew up in scarcity (and the resulting mal-education and corruption) will not likely change their ways as long as they live. And people today often live very long.
As a Guyanese, I’m looking forward to the development of the country and the people within.
As a Jamaican im proud for guyana💯
All the Best from India 🥰
How much have wages and living standards changed in Guyana during this time? At least according to your feelings
As a brazilian who traveled to Guyana once, I can relate the corruption there is way higher than here, as Brazil seems to be forever the country of the future, Guyana keeping the same politicians will be forever the country who plans to get rich in 5 years ahead.
Good vid but one thing I think could really make this channel’s content better was if the videos were less reliant on stock footage and used more graphs, charts, article excerpts or headlines, or generally more visually relevant material. Watching repetitive stock footage is uninteresting.
A fascinating and very underreported story. My family is from Guyana and all my stories about the country are about how desperately poor and dangerous the place is. I hope it can work out, but I'm skeptical. The institutions aren't there, corruption is rife.
why dont you go to Guyana and look and stop sprouting rubbish
A lot of those stories are often exaggerated.
@@Mr.Ramen592 I personally know someone, my cousin, who was shot in the head trying to fulfill a good delivery. I also have been there, and been told by locals never to go out at night. So...I don't know lol
@@dunnowy123 depends on the area.
My sincerest and best wishes for Guyana! Bravo!
I've been a fan of casual Scholar for a long time. I was so excited to see when they covered Guyana!
I have known some Indo-Guyanese immigrants in the US. It is heart-breaking what they went through.
I'd feel gutted if I ended up in the US too tbf
Nice comment Ben. We love Guyana but forced to migrate to foreign countries to have a better life for our children.
All I waiting to see if Guyana will bloom as it should or the dirty politicians will fill their pockets after all they are the wealthiest in Guyana so I'm praying
Yet the citizens can’t even get access to clear water
This is a comment from Essequibo Guyana 🇬🇾
Proud Guyanese.
I left my work to venture into business. 😁😁😁😁
All Guyanese 🇬🇾 gotta understand wa type of Land Guyana da Pon Guyana is the whole Amazon , graphically we Have 1 of the lost tribes ,. Amerindians, the tree dat bleeds,we Have the tallest wata falls , we have the most dangerous animals from the jungle!! , Beautiful bird's in the world,we Have all kinds of resources.. we Have the best Nancy stories!! we have great remedies , fruits ,south America da Land of Giants!. Guyana 🇬🇾 the Land of many watas!.. our paradise our family Roots !.. Roots is consis the seeds dat been planted all thru our Land mix with a colorful tree thru Grandfadda dem , N granny dem .. soo wa da tell ya !! If everybody Have a understanding we all mixed up mixed up like cookup, some ShineRice, don't fa get da Dal rice n butter.. all I'm saying 1 Getta will live fa eva 🇬🇾 🙌🏾 💪🏾 you know we Guyana was known as A third 🌍 countrie why is dat We we got top resources because we don't spray our fruits we Let the rain just fall ..!!! And let the moon and sun shine ..!!! Wata deep but we already knew How to swim being in your mudda belly fa 9 months or lessa !! People NaH see wa going on all the poor country or islands will rise again just can't be greedy 🇬🇾🙌🏾
Geographic not Graphically
I love your comment. I feel your passion. Thanks for the lovely reminders.
As a child of Surinamese parents (the right bordering country), I see that Guyana is basically the same as Suriname in many ways.
We have deep cuts in politics across the 5+ religions and ethnicities. We elected our dictator as the president...
I hope only the best for the Guyanese people.
Great video
The key to making this work is to NOT just give money to the people, or subsidize low food or energy po rices. That will just create a class of rich lazy people like in Saudi Arabia, who view those benefits as entitlements, and will riot when the "goodies" are discontinued (when the price of oil goes through a down cycle). State oil revenues need to be used to 1) fund infrastrastructure (roads, schools, hospitals, telecommunications), with strong ROIs at a sustainable level, and with almost all of the manual labor done by Guyanese at a living wage, 2) create a sovereign wealth fund for a rainy day, 3) provide tax benefits and subsidies for foreign investments in the types of industries that employ Guyanese, preferably not resource extraction. The jobs created must be overwhelmingly for Guyanese people, and foreign investors should be forced to train Guyanese up the technical ladder. Allowances can be made for skilled foreigners in the beginning, but the pathway should be for them to be eventually replaced by Guyanese, as the Guyanese are trained and educated. Don't invest too much money directly into the country too fast, because it will only be wasted, and funnelled into corruption. What's not invested directly into the country can be invested into the sovereign wealth fund.
We all know who won't have this or who will create internal conflicts to ensure proper nation building plans aren't a reality
This is the most insane thing I’ve ever read
@@bagbroch9339 Why?
Hope they succeed ( nice video 👍🏻)
Guyana should first rehabilitate its country with the money and then establish a prosperity fund like Norway, as an investment in the future.
I talk in the video about how they have already established a wealth fund.
Love how this "curse" is so mysterious and is not called western political and corporate corruption...
What about local government corruption and mismanagement? That's what tanked the old USSR.
I liked your video a lot! You opened a new country for me. Thank you very much 👍
Part of India's soul resides in Guyana. May Guyana remain prosperous
Unfortunately
Really? What a stupid idea.
Now I know where they inherited their corruption and rape customs from, the politicians there are taking advantage of the poor indigenous girls and raping them and getting off because the have the Courts Justice in their hands
#StopRapeOfIndigenousWomenNow
@@DarlyaFaroeste fyi, India has the lowest rape per capita cases lowest among the world but it's tarnished by media. The US in comparison has 8x time the cases. India has huge population so it registers a lot of cases. It seems you've a problem with Indians and stereotyping us as r@pists will not do you any good especially when Africans and Europeans have committed half the crimes in the world. Racist
@@place4sam fortunately you mean.
Good luck to Guyana. I really hope it all works out for them...sadly, the odds for them are very low though.
They're fucked lol.
They inherited some of the most brutal types of culture mainly african and indian two continents that are plagued by corruption. There is also a huge rape activity happening right now there, indigenous women are being raped by politicians
#StopRapeOfIndigenousWomenNow!
so why is Guyana the fastest GBP growth in the world? corrupt countrys do not Grow
Congrats to Guyana, hope their Economy becomes vibrant, Guyana was once the second poorest country in SA. Hope they put their wealth to develop the country and people. Trinidad and Tobago Govt gave the Guyanese govt. $500 Million USD from the oil revenue, during the eighties. Lots of Guyanese came to T&T looking for a better life.
Very interesting. 😯
The rest of the world: Recession is coming, we are doomed!
Guyana: Nothing to see here, move along
Let's hope they also invest in rail and public transport
He mentioned it in the video
Never underestimate the ability of corrupt politicians to steal and destroy.
Another way for Guyana to generate lots of revenue: incentivize construction of aluminum smelters that use the bauxite you mentioned at 5:18 (Guyana is still a significant producer, exporting mostly to the US) with the hydroelectric power you mentioned at 17:05 as the energy source. Aluminum production is incredibly energy intensive, accounting for around 2% of global emissions. Some major producers have recently moved to powering their smelters with renewables, cutting three-quarters of emissions and allowing them to charge a premium for "green aluminum". No reason Guyana can't achieve the same with a bit of forward planning and the appropriate incentives to investors. It would be a natural supplier to its South American neighbors too.
Another words Guyana still has a lot of her green spaces in tact and hasn't been screwed up, let's say, like Ethiopia so put all that ugly stuff like aluminum, power lines and pipes, smelters, you know the really ugly destroying mess so I don't feel like I screwed her over so when I really go in their to screw her over I won't feel like I've done something bad. Did I pretty well tell you what you are trying to say. After looking at time 17:05 that's all you saying.
@@valeriewickerson-august7474 That's not what I was saying at all. I was replying to a video entitled "How Guyana plans to get insanely rich..." by pointing to another obvious way in which Guyana could generate revenue and employment if it wished to go that way. Guyana is a sovereign country, if it doesn't want aluminum production on its territory, that's its right.
Masterworks sound like the type of company that will appear on TH-cam in a "scam explained" video
Nothing better than getting to learn economics after a long week.
Couldn't agree more!
Cringe
@@balabanasireti "Cringe" - 🤡
How sweet it is to see a video about Guyana which actually doesn’t mention Jonestown. Thank you for recognizing that isn’t the only thing that ever happened in Guyana.
Most oil rich countries have squandered the wealth, neither investing in technological upgrades nor helping the population. The government needs to make low interest loans to many large and small businesses in varied sectors. If they aren't careful, the skilled, educated people will be concentrated in energy and government. Making farms more productive and sustainable, protecting small businesses manufacturing items for local consumption will keep the less educated gainfully employed. Allowing cheap imports from Asia will ruin local businesses.
I live in Colombia and I haven't heard of this happening.
Start watching the news 🤣
@@NarutoUzumaki71069 Colombian news (caracol noticias y RCN) mostly talks about violence against women so I stopped watching years ago.
@@SergioBocanegra 🤦♂️
im from guyana
Guayaneses people need to hold their government accountable so the wealth benefits its people.
Hi im Trinidadian. Guyana is a nation linguistically, culturally and demographically very similar to our island. I've been there many times and I also have distant relatives on the beautiful nation. Trinidad is also extremely close and was once connected with land between Venezuela, with a lot of Venezuelans flocking to our small island to find a better life from their government, and this is responsible for causing a lot of controversy in recent years. Its so outrageous how the Venezuelan government want to occupy the protected land of Essequibo to exploit it of oil and minerals despite it having no historical ties to the people here.I pray for peace in the region.
Trinidad and Tobago once was a part of the General Captancy of Venezuela during the Spanish Empire. Later the British occupied the island.
Also part of the information you are providing is not correct. It may be certain if you talk about the territory from/beyond the eastern coast of the Essequibo River. In fact, It is not called Essequibo. No, It is just Guyana, and the rest of the Guyanas at the east, including Surinam.
On the other hand, if we talk about the western coast of Essequibo River, namely the lands taken by the Spaniards from the river to the west is called Essequibo territory only or "Guayana Esequiba" as we know it in Spanish, and not the territory beyond the eastern coast. The Essequibo territory is a very old Venezuelan claim, and it is time that justice takes place.
It is necessary to precise this in order to avoid important mistakes. Regards.
@@ubaldogandica8654Interesting. Which territories were originally part of Venezuela?
@@pedrovlogsviajeros5521so many… you have to google General Captancy of Venezuela or “Kingdom of Venezuela” and look at the map back 1777, when Spain delimited the borders to have a better administration. Trinidad was part of Venezuela but in 1797, the British invade and conquered the island. Meanwhile in this Guyana situation, was diferent because Venezuela declared their independence in 1811 when the territory of venezuela include the land up to Essequibo River.
Obviously you will defend Guyana, they are like you guys… you said we venezuelans dont have historical ties with Essequibo when we actually fought for our independence, not like you guys, and we earned the land of the Kingdom of Venezuela that at the time delimited the borders up to Essequibo river. We dont have historical ties with the people in the Essequibo is fault of United Kingdom UK they fraudulent apart us from our territory by a fraudulent arbitration because they invade a make a map when was very clear that Spain delimited those borders in 1777. UK like always stole the territory
Would be really interesting to see an episode on the political moves happening behind the scenes with regard to how the US will get on this. I mean that's bound to happen no matter which way you look at it. Thanks for your work, amazing content!
the US is already in on it, and if not then you will see a regime change. allegedly
Soon western countries will say
*Guyana is Western country*
How? They don't say that of oil-rich Middle-Eastern countries
No matter if all auto's and trucks go electric, we will still need vast quantities of oil. Oil is used in almost every thing we use, for example plastic and so on!
I am a fierce believer that when a country over-rely on just one thing, like Guyana on Ore and there is no other economic growth, corruption is at its base. Instead of helping your peers, putting everything in your own pocket