Is Guyana a new oil El Dorado?

2019 ◽  
Vol 12 (5) ◽  
pp. 365-368
Author(s):  
Luis Fernando Panelli
Keyword(s):  
South America ◽  
21St Century ◽  
Presidential Elections ◽  
Gdp Per Capita ◽  
The Political ◽  
Oil Exploitation ◽  
The World ◽  
Challenges And Opportunities ◽  
Per Capita

Abstract The Co-operative Republic of Guyana has become one of the most interesting and dynamic oil producing countries in the world at the start of the 21st century. The country already holds 5 billion barrels of proved reserves, which will certainly grow with new discoveries. Exxon leads a consortium of four companies that have the concession of the Stabroek Block (Liza Field), where nine discoveries have been made so far. Five FPSOs will be operating in the future, one of which is due to arrive in Guyana before the end of 2019 and another is due for 2020. By then, the country will be producing 340,000 barrels a day. This production will double and then reach 1 million barrels a day before the end of the next decade. The challenges and opportunities regarding the Guyanese people are dire. The lack of proper infrastructure is certainly one of the biggest challenges. But it is important to stress that the oil proceeds will transform Guyana into the highest GDP per capita of South America. The political stage is also analysed, since political instability might raise concerns for long-term investors. The Venezuela–Guyana differences regarding the sovereignty of the Essequibo Region are again a cause for concern. Brazil is a key player in supporting the geopolitical stability of South America. Presidential elections will be held in 2019/2020: the dispute will probably be between the current President Granger and the Opposition candidate Irfaan Ali. Guyana has a lot to profit from the wealth brought by oil exploitation, but its people fear the risk of growing corruption.

scholarly journals Economic policy and security of Australia in the short term until 2025

2015 ◽  
pp. 137-147
Author(s):  
Mieczysław Sprengel
Keyword(s):  
Economic Policy ◽  
21St Century ◽  
International Institutions ◽  
Gdp Per Capita ◽  
Short Term ◽  
Economic Issues ◽  
The World ◽  
Per Capita ◽  
Economic Future

According to the predictions, the scale and rate of economic processes that are aboutto come in the next decades of the 21st century will be substantial. A further growth ofAustralia’s importance is to be expected in the long term. The whole region of Asia, including Australia, has become interesting for politicians, entrepreneurs and researchers.In the 21st century, Australia has grown to be a significant player in the global economicpolicy. It seems that the economic future of the world will depend on the developmentof the countries in Asia. The economic situation in Australia will arguably change assome countries in that region have reached a satisfactory level of production and sharein their developed economy. Economic presumptions delineate an optimistic view ofthe income’s growth in the next decade in Australia. The statistics published by reliableboth national and international institutions are helpful in unraveling economic issues,which allow to portray the bright future of Australia until 2025. It seems that the regionaleconomic development will lead to a significant economic revival. The following issuesconcerning the economic policy and its results have been chosen in order to conductan analysis: GDP per capita, economic growth, demography, the input of nations andregions in the world’s production and the contribution of Australia in the world’s trade.The substantial number of inhabitants (over a half of the globe’s population) in this region is at the same time a serious proportion of consumers. The ongoing transformationin the life of those countries is the effect of education, communication and technologydevelopment. Thereupon, due to the economic and social development of the region,Australia will become its beneficiary and solidify its economic position.

Searching for new Sources of growth. Are the Developing Countries Catching up with the Developed ones?

2015 ◽  
pp. 30-53
Author(s):  
V. Popov
Keyword(s):  
Developing Countries ◽  
Western Europe ◽  
Gdp Per Capita ◽  
The West ◽  
Catching Up ◽  
The Us ◽  
The World ◽  
Economic Divergence ◽  
Per Capita ◽  
Relative Standing

This paper examines the trajectory of growth in the Global South. Before the 1500s all countries were roughly at the same level of development, but from the 1500s Western countries started to grow faster than the rest of the world and PPP GDP per capita by 1950 in the US, the richest Western nation, was nearly 5 times higher than the world average and 2 times higher than in Western Europe. Since 1950 this ratio stabilized - not only Western Europe and Japan improved their relative standing in per capita income versus the US, but also East Asia, South Asia and some developing countries in other regions started to bridge the gap with the West. After nearly half of the millennium of growing economic divergence, the world seems to have entered the era of convergence. The factors behind these trends are analyzed; implications for the future and possible scenarios are considered.

The Reproduction Vector of the Russian Economy: 1999-2007

2008 ◽  
pp. 94-109 ◽  
Author(s):  
D. Sorokin
Keyword(s):  
Economic Policy ◽  
Human Capital ◽  
Growth Rates ◽  
Developed Countries ◽  
Gdp Per Capita ◽  
Real Sector ◽  
Russian Economy ◽  
Per Capita ◽  
The Developed Countries

The problem of the Russian economy’s growth rates is considered in the article in the context of Russia’s backwardness regarding GDP per capita in comparison with the developed countries. The author stresses the urgency of modernization of the real sector of the economy and the recovery of the country’s human capital. For reaching these goals short- or mid-term programs are not sufficient. Economic policy needs a long-term (15-20 years) strategy, otherwise Russia will be condemned to economic inertia and multiplying structural disproportions.

Convergence of GDP Per Capita Among Coffee Producing and Re-Exporting Countries in the World

2022 ◽  
Author(s):  
Reuben M.J. Kadigi ◽  
Elizabeth Robinson ◽  
Sylvia Szabo ◽  
Rajabu KANGILE ◽  
Charles P. Mgeni ◽  
...  
Keyword(s):  
Gdp Per Capita ◽  
The World ◽  
Per Capita

scholarly journals Using fuzzy logic for evaluating the level of countries’ (regions’) economic development

2012 ◽  
Vol 59 (3) ◽  
pp. 293-310 ◽  
Author(s):  
Gordan Stojic
Keyword(s):  
Mathematical Model ◽  
Economic Development ◽  
Fuzzy Logic ◽  
Developed Countries ◽  
Gdp Per Capita ◽  
Industrial Growth ◽  
The Poor ◽  
The World ◽  
Level Of Economic Development ◽  
Per Capita

There are several divisions of countries and regions in the world. Besides geo-political divisions, there also are economic divisions. The most common economic division is the that on developed countries and the poor ones. These divisions are a consequence of the level of: GDP, GDP per capita, unemployment rate, industrial growth, and so on. The question is how to define a mathematical model based on which the following will be assessed: who is rich and who is poor, or who is economically developed and who is not? How the boundaries of transition from one category to another can be defined? This paper presents a model for evaluating the level of economic development of countries and regions using "fuzzy" logic. The model was tested on a sample of 19 EU member countries and aspirants for membership.

scholarly journals The Mediterranean Region: between terrorism, tourism and security

2018 ◽  
Vol 1 (2) ◽  
pp. 135-148
Author(s):  
Nicoletta Varani ◽  
Enrico Bernardini
Keyword(s):  
Natural Disasters ◽  
21St Century ◽  
Mediterranean Region ◽  
Tourism Industry ◽  
Terrorist Attacks ◽  
The Political ◽  
International Conflicts ◽  
Tourist Destinations ◽  
The World ◽  
The Mediterranean

Abstract Tourism remains a very vulnerable sector and sensitive to both internal and external impacts, such as economic and social crises, natural disasters, epidemics and diseases, national and international conflicts. Among these, the most alarming threat in the 21st century remains terrorism. In this sense, this paper aims to study the effects of the increasingly frequent terrorist attacks by the extremist factions of Al-Qaeda and ISIL on the tourism industry in the Mediterranean Region. The contribution, after having discussed in general the tourism market in the Mediterranean Region, intends to highlight the impacts and repercussions of the terrorist attacks on tourism, presenting the example of Egypt and one of its best-known tourist destinations, Sharm el-Sheikh. In this sense, it is shown how, in a few years, the political instability of the country and the attacks of 2005 and 2016 have significantly reduced the influx of tourists, transforming it from one of the most visited destinations in the world in a place of increasing abandonment.

scholarly journals FEATURES OF DEVELOPMENT OF TOURISM IN GEORGIA AS AN INDUSTRY CONTRIBUTING TO ECONOMIC GROWTH OF THE COUNTRY

2019 ◽  
Vol 29 (2) ◽  
pp. 279-289
Author(s):  
L.V. Detochenko
Keyword(s):  
Economic Growth ◽  
Gross Domestic Product ◽  
Tourism Industry ◽  
Gdp Per Capita ◽  
Tourist Destinations ◽  
Transport Component ◽  
Tourist Flows ◽  
Per Capita ◽  
The Republic

The role and place of the tourism industry in the economic complex of Georgia are considered; the conclusion is made about the “tourist miracle” taking place in the country, which is a factor of the economic growth of the republic. The differences between the concepts of “foreign visitors” and “foreign tourists” are presented. The increase in the contribution of the tourism industry and related industries involved in the tourism industry in the creation of the gross domestic product of the country, its impact on the growth of the Georgian budget and GDP per capita, the average monthly wage is shown. The conclusion about the need to increase the share of medium and long-term tourists among foreign visitors and tourists in the country is justified. The problems of the return of tourists, the long-term stay in Georgia, the differences of the countries-generators of tourist flows by these indicators have been studied. The changes in work and the prospects of various types of transport for the delivery of tourists to Georgia are analyzed, the measures to improve the tourist transport component are proposed. The correlation between the number of tourist arrivals and the average cost of tourists visiting Georgia from different countries is shown and the economic profitability of attracting Russian tourists, capable of filling all the tourist destinations of the country, contributing to the “tourist miracle” of Georgia is considered.

An unlevel playing field: national income estimates and reciprocal comparison in global economic history

2012 ◽  
Vol 7 (1) ◽  
pp. 107-128 ◽  
Author(s):  
Morten Jerven
Keyword(s):  
Economic History ◽  
National Income ◽  
Global History ◽  
Playing Field ◽  
Starting Point ◽  
The World ◽  
Per Capita ◽  
Post Industrial ◽  
Industrial Societies

AbstractIf we take recent income per capita estimates at face value, they imply that the average medieval European was at least five times ‘better off’ than the average Congolese today. This raises important questions regarding the meaning and applicability of national income estimates throughout time and space, and their use in the analysis of global economic history over the long term. This article asks whether national income estimates have a historical and geographical specificity that renders the ‘data’ increasingly unsuitable and misleading when assessed outside a specific time and place. Taking the concept of ‘reciprocal comparison’ as a starting point, it further questions whether national income estimates make sense in pre-and post-industrial societies, in decentralized societies, and in polities outside the temperate zone. One of the major challenges in global history is Eurocentrism. Resisting the temptation to compare the world according to the most conventional development measure might be a recommended step in overcoming this bias.

The effects of the economic crisis on income convergence in the European Union

2012 ◽  
Vol 62 (2) ◽  
pp. 161-182 ◽  
Author(s):  
Nenad Stanišić
Keyword(s):  
European Union ◽  
Economic Crisis ◽  
Purchasing Power Parity ◽  
Gdp Per Capita ◽  
The European Union ◽  
Income Convergence ◽  
Power Parity ◽  
Trade Theory ◽  
Per Capita

This paper evaluates income convergence in the European Union, between “old” (EU15) and “new” member states from Central and East Europe (CEE10), and among the countries within these two groups. The GDP per capita convergence should be expected according to the exogenous economic growth model and neoclassical trade theory. The presence of σ-convergence and both absolute and conditional β-convergence is tested for on a sample of 25 European Union countries (EU25). Results confirm the existence of β-convergence of GDP per capita at purchasing power parity among EU25, but not among EU15 and CEE10 countries. σ-convergence has been confirmed among EU25 and CEE10 countries, while GDP per capita has been diverging in the EU15 group of countries. Moreover, the results reveal that recent economic crisis has reversed long-term tendencies and led to income convergence within EU15 and divergence within CEE10. During the crisis, the income differences among the EU25 countries have increased, but the scope and duration of this effect has been limited and has not affected the long term convergence path. However, the obtained long term speed of convergence is significantly lower compared with the previous researches.

ARAH POLITIK PENDIDIKAN ISLAM INDONESIA ABAD KE 21

ISLAMIKA ◽  
2019 ◽  
Vol 13 (2) ◽  
pp. 46-53
Author(s):  
M. Asep Rahmatullah ◽  
Siti Munawati ◽  
Sugih Suryagalih
Keyword(s):  
21St Century ◽  
Islamic Education ◽  
The Political ◽  
Science Majors ◽  
Indonesian Government ◽  
Open World ◽  
The World ◽  
The Future

Abstarct The Political Direction of Islamic Education In the 21st century, history has noted that Islamic education in Indonesia has taken root since the entry of Islam into the archipelago, that Islamic education is perfectly upright and perfect is inseparable from the role of the sultans, scholars, and Muslims continues to try to carry out the study of science majors , discussion, writing in the context of jihad fi sabillilah tafaqohu fiddien for the glory of Islam. It is also supported by Islamic political policies that are very beneficial for the interests of the world of Islamic education. Since the destruction of the Caliphate of the Ottoman Turkish Islamic government and the destruction of the Islamic kingdoms in Indonesia and the world. Then the condition of Islamic education experienced ups and downs and the lack of support from the Indonesian government. Therefore, after Indonesia's independence and the increasingly open world of globalization and modernization, it is necessary to look for ideas and ideal forms that are integrally holistic for the world of Islamic education. As well as being able to influence the policies of the Indonesian government and master the political policies of 21st century Islamic education for the future of Indonesian Muslims.Abstark Arah Politik Pendidikan Islam Abad ke 21, sejarah telah mencatat bahwa pendidikan Islam di Indonesia telah mengakar dari sejak masuknya Islam ke nusantara, pendidikan Islam tegak secara sempurna dan paripurna tidak lepas dari peranan para sultan, ulama, dan kaum muslimin yang terus berupaya melakukan kajian majlis ilmu, diskusi, menulis serta aktif dalam gerakan dakwah dan jihad fi sabillilah untuk kejayaan islam. Setelah menancapkan kekuasaan Islam, maka sistem pendidikan islam di topang oleh kebijakan politik Islam yang sangat menguntungkan bagi kepentingan dunia pendidikan Islam. Sejak kehancuran kekhalifahan pemerintahan Islam turki utsmani dan kehancuran kerajan-kerajaan Islam di Indonesia dan dunia. Maka kondisi pendidikan Islam mengalami pasang surut kemunduran dan kurangnya dukungan pemerintah Indonesia. Oleh karena itu, setelah Indonesia merdeka dan semakin terbukanya dunia globalisasi dan modernisasi, maka perlu mencari ide, dan format yang ideal secara integralistik holistik untuk dunia pendidikan Islam. Serta dapat mempengaruhi kebijakan pemerintah Indonesia dan menguasai kebijakan politik pendidikan Islam abad ke 21 untuk masa depan umat Islam bangsa Indonesia.

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