This documentary focuses on boom-and-bust economic cycles, most notably that of Alberta oil during the '70s and early '80s. When the bust hit after a drop in world oil prices, those business people who knew how to "ride a tornado" cut their losses and moved on, while others were left devastated. When Newfoundland was faced with a possible oil boom of its own in the mid-'80s, it took the lessons of Alberta to heart. Part 3 of the series, Reckoning: The Political Economy of Canada.
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Since 1982, when the issue of free trade with the United States was resurrected, dusted off and presented anew to Canadians, we have been buffetted by dissenting viewpoints on this contentious and crucial question. Can Canada stand alone and hold its own in the economically turbulent late 20th century? Should it even try? A major gap in the debate so far has been a comprehensive context in which the average Canadian could place the matter at hand. This series attempts to fill that gap. It clarifies not only Canada's economic position in relation to its closest neighbor, but also the United States' economic standing in the world. In the process, Reckoning clearly shows Canada's current position in the global economicy and where, perhaps, it should be heading.
This documentary focuses on boom-and-bust economic cycles, most notably that of Alberta oil during the '70s and early '80s. When the bust hit after a drop in world oil prices, those business people who knew how to "ride a tornado" cut their losses and moved on, while others were left devastated.
When Newfoundland was faced with a possible oil boom of its own in the mid-'80s, it took the lessons of Alberta to heart. Part 3 of the series, Reckoning: The Political Economy of Canada.
Reckoning: The Political Economy of Canada1986 5 filmsSince 1982, when the issue of free trade with the United States was resurrected, dusted off and presented anew to Canadians, we have been buffetted by dissenting viewpoints on this contentious and crucial question. Can Canada stand alone and hold its own in the economically turbulent late 20th century? Should it even try? A major gap in the debate so far has been a comprehensive context in which the average Canadian could place the matter at hand. This series attempts to fill that gap. It clarifies not only Canada's economic position in relation to its closest neighbor, but also the United States' economic standing in the world. In the process, Reckoning clearly shows Canada's current position in the global economicy and where, perhaps, it should be heading.
