Many countries rich in natural resources squander their wealth, enriching a minority, while corruption and mismanagement leave the majority impoverished.Avoiding these mistakes or breaking their pattern is difficult but not impossible. For late developers, countries that are now discovering vast natural resources, the prospect of managing their resource wealth properly, delivering real improvement in living standards and avoiding the resource curse is better than for early developers. This document looks the experiences and lessons of policies and practices that countries should be careful to avoid and those they should pursue. Guyana, Curacao and the Caribbean region will be examined.
The importance of effective natural resources management to the stability and success of resource-rich countries and the region requires policymakers and other stakeholders to have an informed conversation about how best to manage their natural resources, to ensure that their natural resources promote broad-based prosperity, avoid the downsides, and protect the environment.
In Curaçao, one regularly hears broad statements such as: “our mindset needs to change”, without any further elaboration or specification. To understand exactly what kind of mindset dominates our culture and learn how to transform people’s mindsets into those of resilience, The Think To Do Institute (T2DI) has conducted a nation-wide research on mindset, and how mindset influences the resiliency of our population. Between the period March 2020 up and until December 2020, a total of 1021 people completed the survey. This paper reports on the most important findings of this survey.
A growth mindset relates to what extent a person formulates long term goals and strives towards these with determination and persistence.
This report serves as a basis for policy reform in the areas of economic and social affairs.