Staple Theory on Canadian Economic Development
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Title: Staple Theory on Canadian Economic Development

Essay Details:

Subject: Business
Author:
Date: April 15, 2012
Level: University
Grade: A
Length: 5 / 1331

Essay text:

This essay will investigate the staple theory and whether or not it is recommendable for Canada to depend on its staple for further economic development. Reasons to why or why not Canada should rely on its natural resources will be analysed and a conclusion provided. 1. Introduction Canada is indeed a blessed land with a diverse and highly multicultural society and a vast treasure of natural resources. Mother nature has particularly endowed Canada's soil with a wide range of highly demanded natural resources in the world market thereby giving it a competitive edge over other countries; The World Bank rated Canada fourth among 92 countries in the world in 1997 with respect to its stock of natural resources(subsoil assets and timber Resources)falling behind only to oil giants Saudia Arabia, Norway and Venezuela(see fig 1...

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