Sunday, July 14, 2024

Hey, Remember Guyana?

I posted about Guyana's problems with Venezuela in Spring 2024. 

This is what happens when you 1) get a little ahead, and 2) live next to thugs.

Guyana, due to development of its oil deposits, has moved rapidly up to above the 90th percentile for real GDP per capita (according to the IMF).

Do note that inequality is always an issue. Having said that, there's no countries on that list that are known for their high proportion of poor people: high GDP per capita buys a lot of infrastructure that improves the lives of just about everyone.

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