Currency flows and flaws: Brenner

This op-ed is written by Reuven Brenner, the Repap Chair at McGill University’s Desautels faculty of Management. 

Much has been written on the “Dutch Disease” – how countries relying on their natural resources often fall on hard times, failing to develop. A Chinese observer, Laozi, in 81 BC had this to say: “A country is never as poor as when it seems filled with riches” (in Yan Tie Lun, A Discourse on Salt and Iron).  Only these days, the natural riches are oil (in Canada, Norway, Russia, Middle East) and in Australia, iron ore.

Read full article: Asia Times, September 5, 2015