Paper Boom: Why Real Prosperity Requires a New Approach to Canada's Economy

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James Lorimer & Company, 1999 - Business & Economics - 474 pages
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At the end of the 1990s, high finance in Canada experienced an unprecedented boom: the stock market, banks, and mutual funds were are all growing at a record rate.

Author Jim Stanford examines the world of high finance in this revealing book. Although the sale and purchase of financial assets grew exponentially during the nineties, the performance of the real economy was dismal by comparison. Stagnant production of real goods and services failed to keep up with explosive growth in the world of finance. Paper Boom examines alternative policy directions with regard to real investment, job creation, and productivity.

Paper Boom is a wide-ranging examination of the Canadian economy in the 1990s, highlighting the contrast between a booming paper economy and a stagnant real economy.
 

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Contents

Investment and JobCreation
19
Chapter 3
41
Chapter 4
71
Chapter 5
91
Chapter 6
123
How Investment Lost Steam
145
Chapter 8
161
Ingredients in
183
Putting Money Back to Work
309
Chapter 16
385
Endnotes
413
Appendices
443
Data Sources
455
Appendix IV
461
Index
467
Copyright

Chapter 9
278

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About the author (1999)

JIM STANFORD is an economist with the Canadian Auto Workers and one of Canada’s best-known economic commentators. He is a visiting fellow with the Canadian Centre for Policy Alternatives in Ottawa and has been one of the principal authors of the Alternative Federal Budget. He lives in Halifax with his partner and daughter.

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