Reply to "After four decades of oil production, Angola remains poor"

Ramakant-PSenior Member

@Ramakant-P posted:
Angola is not the Republic of Guyana. What happened to Angola may not happen in Guyana. The boys in the PPP know how to run their cake shop, those in Angola don't.

Angola does not have a stock market. This means that oil wealth cannot be maximized long-term. For example, oil windfalls cannot be converted into financial assets that can produce higher yields over time.

2/28/217:19 PM

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