An analysis of Mel Watkins' staples theory in relation to linkages and Canadian economic development.
Written in 2008; 971 words; 3 sources; MLA; $ 34.95
Paper Summary:
This paper examines how, as a basic framework, Melville Watkins' staples theory explains Canadian economic development and the importance of both domestic and external commodity-oriented linkages. The paper further looks at how Watkins' paper first appeared in 1963 as an effort to explain how Canada's economy had developed into a post-World War II era in first flight, unpredictable in its promise of growth.
From the Paper:
"If one is able to imagine the early 1960s Canada of which Watkins wrote, one perceives how much did seem built upon patterns established long before, as in the preeminence of Montreal as opposed to Toronto as the principal finance and business centre, and with much business continuing to involve not just Britain but British colonies in the Caribbean region or part of arrangements involving Britain and continental European powers that were engaged in post-World War II reconstruction efforts. Similarly, there were domestic linkages involving commodities and development that were parts of greater linkages involving the United States. Indeed, a helpful aspect of Watkins' paper referred to here is its reminder of how Canada has been shaped by two principal powers, the United Kingdom gradually replaced by the United States and just as it began its post-1945 ascent to world leadership taking the place of Britain. "
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