Go to the Globe and Mail homepage

Jump to main navigationJump to main content

AdChoices

Canada’s real wealth lies in its institutional integrity, not its resources Add to ...

Subscribers Only

Canada is a wealthy country, but not for the reason many people think: That we have lots of natural resources.

Consider that the world’s wealthiest societies, be they Switzerland or Japan or Singapore or Taiwan or Germany, have no natural resources to speak of.

On the other hand, economists often talk about the curse of natural resource wealth because many of the societies that are blessed with such wealth do not know how to control it. Like many a lottery winner, they are ruined by their good fortune.

Report Typo/Error

Follow on Twitter: @brianleecrowley

Next story

loading

Trending

loading

Most popular videos »

More from The Globe and Mail

Most popular