Guyana, a former British colony on the north shore of South America, may soon supplant Trinidad and Tobago as the Caribbean region’s biggest oil producer. Reuters/Andrea De Silva

Guyana, one of South America’s poorest countries, struck oil. Will it go boom or bust?

Guyana is on the verge of an oil bonanza that could bring in US$1 million a day. But if it's not careful, this poor nation – population 750,000 – could fall prey to the dreaded 'resource curse.'
Most Puerto Ricans are still in the dark, as is the mainland about the recent hurricanes’ economic impact. Reuteres/Alvin Baez

Why Puerto Rico ‘doesn’t count’ to the US government

Although Puerto Ricans are American citizens, what happens on the island tends to stay there, at least in terms of economic data.
It is difficult to find two G20 neighbours which trade and invest in each other as little as Australia and Indonesia do. Shutterstock.com

Australia tries to unlock the benefits of proximity with Indonesia

Trade and investment between Indonesia and Australia is very little despite their proximity. But there are signs of change in the way Australia thinks about Indonesia.
The Virgin Mary may not be able to pull Brazil out of a deep recession, but her church-sponsored house calls do wonders to ease economic malaise among participating Catholic families. Pilar Olivares/Reuters

This old Catholic ritual is giving Brazil’s economy a small boost, one Virgin Mary statuette at a time

For a century, Brazil's Catholic Church has sent holy statues out to parishioners' homes. A new study finds that these visits create a local subeconomy, benefitting families and the church.
Cutting off the Maduro regime’s cash flow won’t help the humanitarian crisis in Venezuela, where hunger, poverty and sickness are deepening the nation’s plunge into chaos. AP Photo/Ariana Cubillos

Venezuela: Why Trump’s sanctions won’t work

New US sanctions against Venezuela deliver a clear condemnation of the Maduro regime's authoritarian maneuvering but overlook two key problems: Russian meddling and the humanitarian crisis.
NATO forces board a suspected pirate vessel. UK Ministry of Defence

NATO at sea: deeper role for alliance in maritime security

As NATO meets in Wales, the public’s attention is bound to be on how the organisation will handle the conflict in Ukraine. But the meeting is also an important window of opportunity to develop a long term…

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