Becoming a Resource Superpower
Jennifer Jeffs introduces the CIC’s report on Canada’s resource sector.
Past President of the Canadian International Council (CIC).
On Tuesday, October 9 at 8:00am ET, the Canadian International Council (CIC) will release a report that argues that without strong leadership and collaboration, Canada risks losing an opportunity to become a real resource superpower.
The 9 Habits of Highly Effective Resource Economies: Lessons for Canada looks at how other countries manage their resource wealth and makes a series of interesting and potentially controversial recommendations on how our natural resource sectors can become more competitive in a world where economic and political power is rapidly shifting. The commodity boom that began in 2003 once again made the resource sectors of vital importance to the Canadian economy. But unlike in past commodity booms, we can no longer rely on simply hewing wood and drawing water to compete. The report argues that Canada needs to do more to add, extract, and build value around its natural resource industries.
The report was authored by Madelaine Drohan, an award-winning journalist and Canada’s correspondent to The Economist. The report will be available for download at www.opencanada.org at 8:00am ET on Tuesday, October 9.