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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. 613 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

Are Canadian politicians up to the challenge of a falling loonie economy?

Falling world oil prices make strange bedfellows. Those who, more than two years ago, loudly condemned then newly selected NDP leader Tom Mulcair’s analysis that Canada suffered from “Dutch disease” now happily embrace the idea. 591 more words

News

Gazza is Nigeria: how footballers, like countries, suffer the resource curse

In which David Beckham is Qatar, David James is Ghana, and Norway is…revealed at the end of the article

Professional footballers are vulnerable to the resource curse. 1,086 more words

WHAT DOES THE 3-GOODS MODEL SAY ABOUT A DEVELOPING COUNTRY’S TERMS OF TRADE?

AUTHOR’S NAME: Nwokoye, Ebele S.
AFFILIATE INSTITUTION: Department of Economics, Nnamdi Azikiwe University, Awka, Anambra State, Nigeria.
JOURNAL: Journal of Economic Studies
VOLUME: Six (6) 2,088 more words

Economics

Does Appalachia have a coal curse?

Natural resources are generally thought of as beneficial for economic development. Yet, many of the regions with abundant resources do not perform well economically, that is, there seems to be a resource curse. 976 more words

Economic Growth