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