MGMT 1030 Lecture Notes - Lecture 4: World War I, Staples Thesis

• School: York University
• Department: Management
• Course: MGMT 1030
• Professor: Olga Kraminer

Document Summary

Staples thesis kenneth norrie three approaches for understanding economic growth: Staples thesis that describes economic growth and diversification arising from exports of natural resources (primary products) Describe the neo-classical growth theory, which is dominant paradigm for growth studies in economics. Canada"s growth, for the most part, has been periodic and by district in nature where the dependence on cod exports gave way to exports of fur in quebec and timber from new brunswick. By the 19th century, wheat exports from ontario and the prairies brought a a great deal of prosperity. For the staples thesis to apply, the nation"s economy must be vastly specialized and concentrated around one or a small number of natural resources for export. Kenneth buckley argues that the staples thesis does not apply to canada after 1820 because non-staples sources played a role in the canadian economy. Despite this view, the staples thesis figures importantly and significantly in rationalizations for the pace of.