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"Can We Catch Up with Angola?"

Date de l'évènement

From CIC's website: http://opencanada.org/event/can-we-catch-up-with-angola-a-talk-with-madelaine-drohan/

As much of the world has struggled economically since the crisis of 2008, Canada has prided itself on prudent fiscal management.  We’ve touted our record around the world, and wagged our fingers at other governments. 
 

Yet in at least one area, we’re spendthrifts: Canadian governments have largely balked at saving the tax and royalty windfalls brought in by developing non-renewable resources. Around the world, countries from wealthy, developed Norway to struggling  underdeveloped Timor Leste have seen the wisdom of putting at least some non-renewable resource revenue into a sovereign fund.  But while Norway had $617 billion in its sovereign fund as of mid-August, Alberta had set aside just $16.1 billion as of mid-March.  Other provincial governments have no fund at all, despite substantial oil, gas and mineral revenues right across the country. 

Speaker’s Biography:
Madelaine Drohan is an author and the Canada correspondent for The Economist. For the last 30 years, she has covered business and politics in Canada, Europe, Africa and Asia. This talk builds on her upcoming essay in the January/February 2013 Literary Review of Canada, “Spending Like There’s No Tomorrow,” itself drawn from The 9 Habits of Highly Successful Resource Economies: Lessons for Canada, a 2012 research report commissioned from Drohan by the Canadian International Council.

 

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Admission: 
Regular $20.00
Students and CIC members $15.00

Registration: 

For more information: 
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