Skip to main content

Transformation Journal

ISBN: 2957-7845

Price: US$46.00 (Yearly Subscription - Hardcopy)

Paperback:  Buy    Epub:  Buy

IN THE MIDST OF GLOBAL TURBULENCE—FUELED BY THE CRISES IN UKRAINE and the Middle East, as well as the imposition of tariffs, other trading restrictions, and retaliatory measures by major global trading partners—an economic outlook has emerged that is cautiously optimistic at best but clearly demonstrates great unease with what is deemed a chaotic situation. Adding to this chaos is the unwillingness of major trading nations to utilize multinational institutions to resolve differences and ensure market stability and lasting economic growth.

Despite ongoing economic uncertainties, Guyana’s economy has emerged as a shining star. Spurred by rapid growth in the oil and gas sector, the country appears to be on a path towards prosperity and some believe that it can become the “Dubai of the Caribbean.” Yet others argue that Guyana’s economic fundamentals are unstable, and that future expenditures should be approached with caution. They often cite the high rate of central government borrowing, extensive spending on infrastructure development, and the continued absence of a human capital development strategy. These inconsistencies are considered threats to sustaining the country’s rapid economic expansion and ongoing transformation.

In this special issue of the Transformation Journal, the authors employ economic, organizational, legal, and spatial development theories to examine the potential consequences of the presence and expansion of the oil and gas sector on Guyana’s development. While the popular literature is replete with discussions of economic growth, comparatively less emphasis is placed on societal development, particularly through the application of the United Nations Sustainable Development Goals. 

The University of Guyana in Brief / vi

Introduction: Oil Production and Structural
Change in Guyana: An Overview / vii
DR. LEYLAND M. LUCAS

FEATURED ARTICLES
Is Oil and Gas Induced Economic Growth Impacting Export
Diversification?: A look at Guyana’s Exports to CARICOM / 1
D. DASILVA-GLASGOW AND ELTON BOLLERS

Legitimacy and Trust: Essential Aspects in New Venture Creation / 25
LEYLAND M. LUCAS

Mediation and Conflicts in Guyana’s Oil and Gas Sector / 50
EVELINA SINGH

The Potential of the Oil and Gas Sector to Transform
Guyana’s Spatial Development / 68
PATRICK WILLIAMS

Notes on Contributors / 111

Transformation Journal Submission Guidelines / 113

ELTON BOLLERS obtained his Bachelor of Social Science in Economics from the University of Guyana, Bachelor of Laws from the University of London, and Master of Science in Economics from the University of the West Indies. He served as an Operations Analyst with the World Bank and an Economist with the Inter-American Development Bank. He is currently an adjunct lecturer at the University of the West Indies, Mona, and in the Department of Economics at the University of Guyana.

DR. DIANNA DA SILVA- GLASOW is a Guyanese economist, consultant, and trade policy specialist. She obtained her Bachelor of Social Science in Economics from the University of Guyana, her Master of Science in International Trade Policy, and her Doctor of Philosophy in Economic Development Policy from the University of the West Indies. Her research interests are in Caribbean economic development and, more specifically, international trade policy. She has published several book chapters and journal
articles in these areas. She is currently a senior lecturer and the head of the Department of Economics at the University of Guyana.

DR. LEYLAND M. LUCAS is the founding dean and professor of management at the School of Entrepreneurship and Business Innovation (SEBI), University of Guyana (UG). A proud graduate of UG, he holds several graduate degrees, including a Doctor of Philosophy (PhD) from Rutgers Business School in New Jersey. Before joining academia, he worked in economic planning, real estate lending, banking, and the non-profit sectors. Since joining academia, he has taught at several institutions in the US and in Ghana. He has published numerous peer-reviewed
articles on various business topics. His current research interests are in the areas of knowledge transfer, new business development, competency management, credit union governance, and local content policy.

EVELINA SINGH is a university lecturer and former faculty administrator with over fifteen years of experience in tertiary education. Her academic certifications include an LL.B., a Graduate Diploma in International Studies, and an MSc in Criminology and Criminal Justice. She is an avid researcher with peer-reviewed journal publications in Law, Criminology, and Criminal Justice.

DR. PATRICK WILLIAMS is currently a Senior Lecturer in the Department of Geography, Faculty of Earth & Environmental Sciences. Prior to his current position, he held several senior academic positions at the University of Guyana as Head of the Department of Geography, Dean of the Faculty of Arts, Coordinator of the Environmental Studies Unit, and Coordinator of the URP/MSc Urban & Regional Planning Programme. He is also a member of the PhD Advisory Committee of the School of Graduate
Research. Dr. Williams also worked with the United Nations Development Programme (UNDP) and the World Wildlife Fund (WWF). At WWF, he was employed as the Country Manager.
At the University of Guyana, Dr. Williams is actively engaged in research, supervision, and assessment of Ph.D., M.Sc., and undergraduate students. He is also the Board Chair and Chief Editor of the Department of Geography Journal of Geoscience and Planning. In addition, he served as a member of the Board of Directors of the Guyana Geology & Mines Commission (GGMC), the Central Housing & Planning Authority (CHPA), Chairman of the Board of Directors of the Environmental Protection Agency (EPA), and Chief Examiner for the Caribbean Proficiency Examination (CXC). With respect to academic research, he has published several articles in scholarly journals and book chapters. In 2015, he published a book entitled Disparities in Human Development in Selected CARICOM Countries: A Description of Patterns & Trends (2008–2022) in collaboration with Ms. Linda Johnson-Bhola.
 

Coming Soon