The discovery of big oil in other developing nations has exacerbated existing corruption, leading to the new oil wealth being squandered and stolen. It has become known as the oil curse. He says he is "very worried" about the oil curse. A political crisis in recent months has been seen by some as an early sign of the curse's effects. After the governing coalition lost a no-confidence vote in December, rather than call elections it challenged the vote in the courts.
The legal battle has continued and this week the Caribbean Court of Justice is hearing the latest appeal in the case. For Mr Adams, there is one key to avoiding that trap: "Education, education, education is the foundation. It's the best investment that this country or any country can make. He is leading a push to revamp the faculty of engineering at the University of Guyana, the country's biggest higher education provider. But preparing young Guyanese for the lucrative new industry has not been straightforward.
It has also been a challenge attracting academic talent with the relevant expertise. Nonetheless, even at this early stage, Guyana's oil industry has already been taking on the faculty's graduates from other engineering specialisms. Two years ago, 10 were given jobs. Last year, the same company asked for 20 more. In Sophia, one of Georgetown's poorest neighbourhoods, there is less optimism.
Europe Map. Asia Map. Africa Map. Australia Locations. North America Map. South America Map. Where is Guyana? As shown on the location map of Guyana that Guyana is located in the northern part of South America continent and culturally part of the Anglophone Caribbean. Guyana was formerly known by British Guiana because it was the colony of Britain. Welcome to the United Nations. It's your world. Map of Guyana History: Guyana was originally inhabited by Amerindians.
Words by A. Luker, music by R.
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