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Is Newfoundland a Petrostate? Part Two

It is instructive to use gross domestic product (GDP) as a means of evaluating whether Newfoundland and Labrador (NL) has become a rentier state. Let us… 937 more words

Economics

A plain-language guide to the Resource Curse

When a profitable new resource is discovered in a developing country, it can seem like the solution to the nation’s economic woes. In the initial rush of activity, the new revenue stream is expected to be a savior for the country’s economy and rapidly reduce poverty. 605 more words

EITI

Is Newfoundland and Labrador a "Petrostate?"

Falling oil prices have directed attention towards Canada’s oil-producing provinces, including Newfoundland and Labrador (NL). While lower gas prices should be a boon to most Canadians, Newfoundlanders look warily to oil’s plunging market price as a sign of harder economic times. 635 more words

Economics

Keystone XL Pipeline and Dutch Disease

By Alex Shapiro Jan. 19, 2015

There’s more to life than pump-jacks, pipelines, and pickup trucks. Wait a second… who doesn’t like pickup trucks? Okay, I get it. 962 more words

Dutch Disease