Canada's Natural Resources: Blessing or Curse to the Canadian Economy

[mentalfloss]

Media Advisory - Canada's Natural Resources: Blessing or Curse to the Canadian Economy?

CALGARY, Jan. 17, 2014 /CNW/ - There is no question that Canada has a rich and varied resource portfolio. Many people would assume this abundance of natural resources is an economic boon - but is it really? Studies show examples of countries where natural resource wealth actually discourages growth in the rest of the economy.

This begs the question: Are Canada's resources actually benefiting the overall economy?

Media are invited to an upcoming press conference where Professor Alan Gelb will critique the management of Canada's natural resources. He will explain how prosperity hinges on a few policy measures that government must adopt.

Alan Gelb is a senior fellow at the Center for Global Development in Washington, DC. His recent research includes aid and development outcomes, the transition from planned to market economies, the development applications of biometric ID technology, and the special development challenges of resource-rich countries.

He was previously director of development policy at the World Bank and chief economist for the bank's Africa region.

The School of Public Policy - University of Calgary | Media Advisory - Canada's Natural Resources: Blessing or Curse to the Canadian Economy?

 

[JLM]

Media Advisory - Canada's Natural Resources: Blessing or Curse to the Canadian Economy?

CALGARY, Jan. 17, 2014 /CNW/ - There is no question that Canada has a rich and varied resource portfolio. Many people would assume this abundance of natural resources is an economic boon - but is it really? Studies show examples of countries where natural resource wealth actually discourages growth in the rest of the economy.

This begs the question: Are Canada's resources actually benefiting the overall economy?

Media are invited to an upcoming press conference where Professor Alan Gelb will critique the management of Canada's natural resources. He will explain how prosperity hinges on a few policy measures that government must adopt.

Alan Gelb is a senior fellow at the Center for Global Development in Washington, DC. His recent research includes aid and development outcomes, the transition from planned to market economies, the development applications of biometric ID technology, and the special development challenges of resource-rich countries.

He was previously director of development policy at the World Bank and chief economist for the bank's Africa region.

The School of Public Policy - University of Calgary | Media Advisory - Canada's Natural Resources: Blessing or Curse to the Canadian Economy?

I guess a lot depends on whether their value exceeds the cost of "harvesting" them.

 

[MHz]

Studies show examples of countries where natural resource wealth actually discourages growth in the rest of the economy.

Alan Gelb is a senior fellow at the Center for Global Development in Washington, DC. His recent research includes aid and development outcomes, the transition from planned to market economies, the development applications of biometric ID technology, and the special development challenges of resource-rich countries.

He was previously director of development policy at the World Bank and chief economist for the bank's Africa region.

I doubt those organisms have the interest at heart as they are company orientated. Profit before quality.. It would be foolish to own an extra share of raw material and think that we should also get an extra amount of the benefits of the manufacturing part of the cycle.

We could still profit enough from selling raw and being able to buy anything we wanted as being 'new' and we would actually have more leisure time because our work is in bulk form.