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economic development

  • J
    Venezuela only has a window of opportunity of maybe 5 to 10 years to make money off its oil. Solar and battery technology is catching up fast, and if the country waits too long, its oil resources will no longer be worth much. It will need every cent it can get to repair its economy.
     
    The status quo of continued sanctions and embargoes would mean missing this window of opportunity entirely. It would be quite tragic for a country to have had a devastating fight with its close neighbour over a resource that has such a limited shelf life only to end up with nothing.
     
    Crucially, this means the government and investors must be incredibly disciplined. They should only invest as much capital as can generate a full return on investment within this short timeframe. Sinking billions into long-term infrastructure that takes decades to pay off would be a secondary disaster if global demand disappears before the debt is cleared.
     
    Venezuela needs to be forward-thinking and prepare for the day the oil is not worth extracting. On the bright side, the country will be free from its resource curse one way or another within the decade.
     
    Against that backdrop, a final question seems unavoidable: when people call for Venezuelans to rise up against the invasion, are they genuinely acting in the interests of Venezuelans, or are they mainly expressing their own tribal or ideological instincts?
    Eric Stevens•...
    This is a thoughtful analysis, but I think there is a missing layer that changes how we answer the final question. First, when we talk about renewable energy, we need to be honest about what it is made of....
    renewable energy
    economic development
    geopolitical strategy
    petrochemical industry
    venezuelan economy
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    0
  • UpTrust Admin avatar

    What is the 'Metacrisis' and How Do We Solve It? (AMA). Rewatch the live AMA conversation with Layman Pascal 

    https://www.youtube.com/watch?v=jyq_ZfdtTmg
    reidharvey7734•...
    One excellant way of solving the Meta crisis is to go back to the origin of industry and development.  The answers will be especially apparent for ;low- and middle-income countries....
    economic development
    industry development
    low and middle income countries
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    0
  • reidharvey7734•...

    Ceramics Creates Change

    All of the SDGs are addressed squarely through ceramic training and education.  Low- and middle-income countries that embrace the use of their ceramic natural resources, i.e., rocks and minerals, could get industrialization and prosperity....
    ceramics
    economic development
    industrialization
    sustainable development goals
    Comments
    0
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