The University of Guyana (UG) Economics Society successfully organised an intellectually stimulating Oxford-Style debate Wednesday, centered around the crucial topic of Guyana’s development in light of its newfound resources. The event, held at the George Walcott Lecture Theatre (GWLT), saw the participation of renowned economist and Opposition advisor, Elson Low, and esteemed analyst, Joel Bhagwandin.
Despite encountering technical difficulties that added an unexpected element to the event, including unforeseen issues with audio equipment and other technical aspects, the debate unfolded in a civilised manner, capturing the attention of both in-person attendees and a substantial online viewership of over 6,600 individuals.
According to the press release, Low commenced the discussion by raising thought-provoking points on Guyana’s perceived developmental shortcomings. Low expressed his concern that the country has not effectively capitalised on its newfound wealth, emphasis ing what he describes as unfulfilled promises made by the administration. He also stressed the need for cost-effective education options and competent governance over oil and gas companies operating in Guyana, citing alleged mismanagement of expenses.
Bhagwandin countered Low’s arguments by highlighting the substantial progress made by Guyana since embarking on its development path. Bhagwandin underscored the impressive growth of the country’s gross domestic product (GDP) and per capita income, showcasing the positive impact of the oil and gas industry. He acknowledged existing challenges and reassured the audience that the government is actively addressing them through training programmes.
The debate sparked diverse reactions among the attendees, who commended both Low and Bhagwandin for their courage in engaging in a healthy and insightful discussion. UGSS said it is pleased that it had the opportunity to assist in creating an unbiased and balanced platform to deepen the national discourse on the trillion-dollar oil and gas industry, fostering critical thinking and identifying areas for improvement in Guyana’s development trajectory.
