MGMT 1030 Lecture Notes - Lecture 4: Staples Thesis

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

Document Summary

Staples are commodities that have a high natural resource content produced for export. The thesis is that the canadian economy experienced growth due to exploitation and exportation of primary resources i. e fish, fur, wheat, timber 4 primary staples products. Other non staple sources of national economic growth n change are hard to ignore, ie industrialization. Linkages are spreading effects tht occur due to staple production. There important because they allow the economy to grow and diversify: backward linkage raw labour/material simplest form , forward linkage- manufacturing/ process raw material moves economy forward, lateral, final demand- consumer goods. Regions in ontario , most, aren"t able to capture all 4 linkeagessince theyre reliant on one specific stage, generally first one if they have raw resources. It cant be proved as right or wrong. It doesn"t explain why giving natural resources will sometimes result in high incomes/ economic diversification or other times a poor and non diversified economy.