Assignment2 - Parke 1 Article Analysis: Economic Freedom a...

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Parke 1 Article Analysis: Economic Freedom a Proven Path to Prosperity? On September 7 th , 2007, Neil Reynolds, a columnist for the Globe and Mail, wrote a very contradictory article regarding Canada’s score on the Economic Freedom of the World report card. Although Canada had “one of their best performances since 1970,” Reynolds goes on to state that Canada’s “embarrassing” weakness is our size of government (Reynolds, 2007). This specific category is measured on public sector consumption of GDP as well as tax rates. In Canada’s case, both of these figures have reasonable explanations and justifications. Canada is a country full of natural resources and in order to make those resources available to the rest of the world it has concentrated its assets in certain industries in order to gain a comparative advantage in world trade. With its resources allocated in primary and secondary industries, it can rely on trade partners to provide other resources at an efficient cost. Canada is
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This note was uploaded on 03/29/2010 for the course COMM 5555 taught by Professor Bernard during the Spring '08 term at Dalhousie.

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Assignment2 - Parke 1 Article Analysis: Economic Freedom a...

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