Quote:
Originally Posted by Jonitecture
Some one earlier said that Saskatchewan and Alberta are following Russias economic growth formula, like it was a bad thing. I personally have nothing wrong with that considering that Russia is becoming one of the worlds most powerful countries after economic turmiol only a decade ago. As for Manitoba being an economic weakling, pfft, we all know that isn't true. But i don't like the insults being thrown over twords Saskatchewan becuase of one dumb mans dumb comment. OH WAIT, insult Brad Wall all you want. I do not care about that.
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What I meant to say that putting all of your eggs in one basket when it comes to natural resources is a seductive but very dangerous path. Russia is riding the wave of natural resources as well but they have been panned by magazines like the Economist for playing with this fire.
Sask is more diverse than Alta in natural resources but again, subject to global commodity demand. If a jurisdiction is able to avoid the trap and start diversifying its economy when times are good, that'll be something to be proud of in the future. Hopefully for Sask, they'll be able to do this.
Bottom Line: Alta/Sask shouldn't be thumping their chests too hard because when your not that diversified economically, things can unravel quite fast. If you can do what Texas did and diversify into a bigtime IT/medical/financial centre, then go ahead and brag. And in Alta's case, check the facts before you speak.