The rebranding of Georgetown, Guyana
Urbanization is a global phenomenon that currently affects many developing nations striving for economic and political freedom from oppressors by developing their markets and economies. In South America, Guyana is on the verge of launching its new oil industry, predicted to help boost the economy and generate wealth. Whether or not this new industry will benefit the people of Guyana and how it will affect the country's future are major questions. This paper explores the potential risks and future implications of Guyana's new oil industry through a literature review and a comparative analysis of other developing nations that have undergone similar developments of their energy sectors. The author explores the implications of rebranding Guyana's capital city, Georgetown, and concludes that deals made with international oil corporations do not guarantee immediate benefits to the people of Guyana.
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