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Canada’s Resource Curse: Too Much of a Good Thing

dc.rights.licensehttp://ru.micisan.unam.mx/page/terminos
dc.contributor.otherMaldonado Rivera, Silvia
dc.creatorDrache, Daniel
dc.date.accessioned2019-04-10T15:33:53Z
dc.date.accessioned2022-02-16T23:42:43Z
dc.date.available2018-12-14T00:20:43Z
dc.date.available2022-02-16T23:42:43Z
dc.identifier.issn1870-3550
dc.identifier.urihttps://ru.micisan.unam.mx/handle/123456789/19946
dc.formatapplication/pdf
dc.format.extentpp. 15-53
dc.language.isoeng
dc.publisherUniversidad Nacional Autónoma de México, Centro de Investigaciones sobre América del Norte
dc.relation.isformatofprint
dc.relation.ispartofNorteamérica: Revista Académica del CISAN-UNAM
dc.relation.requiresAdobe Acrobat
dc.subjectCIENCIAS SOCIALES
dc.subject.lcshPolitical science
dc.titleCanada’s Resource Curse: Too Much of a Good Thing
dc.audienceInvestigadores
dc.audienceMaestros
dc.audienceEstudiantes
dc.audienceMedios de comunicación
dc.coverage.placeofpublicationMéxico
dc.description.abstractengCanada has been both blessed and cursed by its vast resource wealth. Immense resource riches send the wrong message to the political class that thinking and planning for tomorrow is unnecessary when record high global prices drive economic development at a frenetic pace. Short-termism, the loss of manufacturing competitiveness ("the Dutch disease") and long term rent-seeking behavior from the corporate sector become, by default, the low policy standard. This article contends that Canada is not a simple offshoot of Anglo-American, hyper-commercial capitalism, but is subject to the recurring dynamics of social Canada and for this reason the Northern market model of capitalism needs its own theoretical articulation. Its distinguishing characteristic is that there is a large and growing role for mixed goods and non-negotiable goods in comparison to the United States even when the proactive role of the Canadian state had its wings clipped to a degree that stunned many observers. This article also examines the uncoupling of the Canadian and U.S. economies driven in part by the global resource boom. The downside of the new staples export strategy is that hundreds of thousands of jobs have disappeared from Ontario and Quebec. Ontario, once the rich "have" province of the Confederation, is now a poor cousin eligible for equalization payments. Unlike earlier waves of deindustrialization, there is little prospect for recovering many of these better paying positions. Without a focused government strategy, the future of Canada"s factory economy is grim. The final section addresses the dynamics of growing income polarization and its lessons for the future. With a global slowdown or worse on the horizon, Canada"s unique combination of mixed goods and orthodox market-based policies is likely to be unsustainable in its current form. For countries with a similar endowment, the Northern model is unexportable.
dc.educationlevelSuperior
dc.educationlevelPosgrado
dc.identifier.cisanN_2009_0004_0001_0015
dc.identifier.conacytCONACYT
dc.identifier.eissn2448-7228
dc.relation.issue1, enero-junio
dc.relation.volume4
dc.rights.accesslevelopenAccess
dc.rights.creativecommonshttp://creativecommons.org/licenses/by-nc-nd/4.0
dc.source.isbn1870-3550
dc.subject.conacyt5
dc.subject.keywordsengcanada"s resources
dc.subject.keywordsengcapitalism
dc.subject.keywordsengcanadian economy
dc.subject.keywordsengmixed goods
dc.subject.keywordsengmarket policies
dc.subject.keywordsengcanadian model
dc.subject.keywordssparecursos canadienses
dc.subject.keywordsspacapitalismo
dc.subject.keywordsspaeconomía canadiense
dc.subject.keywordsspabienes mixtos
dc.subject.keywordsspapolíticas de mercado
dc.subject.keywordsspamodelo canadiense
dc.subject.unamCiencia política
dc.type.spaarticle
dc.view.accesslevelDISPONIBLE
dc.date.copyrighted[ca. 2009]


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