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The effectiveness of coercive local content requirements to the development of resource rich developing countries is an area attracting increasing global attention. Local content requirements are especially popular in the extractive sector though empirical studies show that they do not fulfill their intended purpose. Now recognized as the world's fastest growing economy after becoming an oil producing country, Guyana has passed a local content law. The real concern is not merely whether local content requirements fail to fulfill their objectives but whether they create market distortions that lead to the resource curse. This issue was addressed by Baruch's Adjunct Assistant Professor Dr. Vivian Williams in feature marks at the Guyana Business Journal & Magazine forum titled Navigating a Changing Guyana: Opportunities and Challenges. Ideas from his presentation on "Local Content and the Guyanese Diaspora" are represented in this article.
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