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



Document title: Canada's Resource Curse: Too Much of a Good Thing
Journal: Norteamérica
Database: CLASE
System number: 000322200
ISSN: 1870-3550
Authors: 1
Institutions: 1York University, Robarts Centre for Canadian Studies, Downsview, Ontario. Canadá
Year:
Season: Ene-Jun
Volumen: 4
Number: 1
Pages: 15-53
Country: México
Language: Inglés
Document type: Artículo
Approach: Analítico
Spanish abstract A diferencia de las olas anteriores de industrialización, en la actual es poca la perspectiva de recuperar una mejor situación de pagos. Sin una estrategia gubernamental enfocada a ello, el futuro de la economía industrial de Canadá resulta sombrío. La sección final del artículo aborda la polarización de las dinámicas de crecimiento del ingreso y sus lecciones para el futuro. Con una desaceleración económica global, o incluso con algo peor en el horizonte, como la combinación económica única de Canadá de bienes mixtos con una política de mercado ortodoxa, el modelo no es sustentable en su forma actual. Para países que tienen una dotación similar de recursos, el modelo del norte no es exportable
English abstract Canada 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. The 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 for 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
Disciplines: Sociología
Keyword: Sistemas socioeconómicos,
Canadá,
Estados Unidos de América,
Capitalismo,
Recursos naturales,
Inversión social,
Concentración de la riqueza,
Industria,
Bienestar social
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