Staples, Deindustrialization, and Foreign Investment: Canada’s Economic Journey Back to the Future

Jim Stanford

Abstract


Jim Stanford notes that various trends from the 1960s to the 1990s suggested that the staples approach required substantial qualification, as the size of Canada’s manufacturing sector grew and the weight of foreign investment diminished. However, the period since 2000 has witnessed major structural regression and Stanford argues that higher-stage export industries, such as manufacturing and tourism, have declined, while the Canadian economy has been increasingly dominated by the production and export of unprocessed natural resources, in particular petroleum. Stanford concludes his detailed empirical survey by pointing to a range of policy alternatives and outlining the political coalitions needed to carry them forward.

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Studies in Political Economy:
Online ISSN 1918-7033
Print ISSN 0707-8552