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Lessons from a Successfully Export-Oriented, Resource-Rich Economy - Quantitative Adventures into Canada's Past (Hardcover, 1st ed. 2022)
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Lessons from a Successfully Export-Oriented, Resource-Rich Economy - Quantitative Adventures into Canada's Past (Hardcover, 1st ed. 2022)
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A major theme of this book is that, contrary to what many experts
believe, being endowed with a plenitude of natural resources is not
a curse: rather it provides a potential advantage, if capitalized
by the well-endowed economy. Much depends on the institutions that
help frame the decision-making process that affects the process of
growth and development. Canada is an example of a successful
export-oriented economy. And, its export-orientation has been a
focal point of discussion and debate, going way back to discussions
of the early fur trade, the fishing industry, wheat farming, and
mining and oil and gas exploration. Unlike other economies
well-endowed with natural resources, Canada does not appear to be
at all cursed, but rather blessed with natural resource abundance.
This book, which ranges from the late seventeenth to the early
twentieth century, provides insights from Canadian economic history
on how such abundance can be a handmaiden of successful growth and
development. From this perspective, the natural resource curse
appears to be more of a 'man-made' phenomenon than anything else.
This book also investigates aspects of gender inequality in Canada
as well as the evolution of hours worked as it intersects with
worker preferences and 'market forces'. The narratives in this book
are contextualised by the construction of new or significantly
revised data sets, which speaks to the importance of data
construction to robust economic analysis and economic history.
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