Belize is the newest exporter of oil to the United States, a development that is starting to upend this small country of 280,000 people… [Despite] the formation in December of a government petroleum advisory board, there is considerable skepticism throughout Belize that the country can develop its oil resources without the corruption and environmental damage that afflict other poor oil-producing countries.
It will be very interesting to monitor how Belize manages this new challenge - and opportunity. See a previous post on managing resource rents. More background here and here.
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