Guyana Plans ‘Norway on Steroids’ to Avoid Oil’s Resource Curse
Original Report
Oil-rich Guyana is spending so heavily and quickly on diversifying its economy that it’s on the cusp of becoming a “Norway on steroids,” according to President Irfaan Ali.
Glass House Analysis
Energy prices affect virtually every aspect of daily life—from commuting costs to heating bills to the price of groceries (which must be transported). For working families, energy represents one of the most volatile and impactful line items in their budgets. Energy policy decisions ripple through the economy, affecting everything from manufacturing competitiveness to household financial stress.
The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.
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The link between interest rates and exchange rates : The link between interest rates and exchange rates: The uncovered interest parity
Today’s post explains the relationship between interest rates and exchange rates and how they’re involved in investment decisions. The data The FRED graph above tracks two rates: The solid red line...