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Canadian Strategy of Economic Development Essay

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In this article the researchers have used secondary research and they have conducted intrevies and triangulation. They have emphasized that the colonialization has greatly affected the growth of Canada and the people however want a more tradionally and culturally grounded foundation. The indigenous people think that they have right to maintain their political, economics and social systems. The prevailing conditions are very bad as they people have a lot of health and educational problems. The article explain that the Canadian are currently pursuing a strategy of economic development with a social entrepreneurship as their core activity. The paper has in a very sound way defined the problems of the people and what they want. They say that economic development can be achieved by 4 ways first by having greater control of activities on their traditional lands. They should be more self determined and put an end to dependence on self sufficiency.

They should preserve and strength their traditional values and apply them in economic development and their should be improved socio-economics circumstances for individuals. The researcher have tried to answer the question whether the indigenous people have the power for economic development. The say that they do have the power and currently followed three broad perspective firstly modernization in which till 1960 they used to follow the path of first world countries but it was useless after 1960 when most of Latin America failed. Second perspective was radical perspective which stated that everything is happening cause of the First world War however both these perspectives when applied in real world were illogical and the results gained from them were also not fruitful.

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Thirdly was the regulation perspective which is a new approach to development that emphasis contingency. They explained that the world has moved away from the concept of ‘0Invisible hand’ of perfectly functioning market they believe that everyone is working for their own benefit so the presence of a government is necessary. The problem with this perspective is that Scott stated that “ Regulation theory does not preassemble the exact nature of a particular mode of social regulation each region can be regulated by a multiplicity of ways. PECK AND TICKBULL ALSO STATED THAT “THE MODES OF REGUYLZATION IS BASED UPON THINGS AS HABIT, social norms, enforceable laws and state forms. The researcher stated that they provided the people with a questionnaire in which they were asked to opt in or opt out.

The people chose “Opt In” in which the people were ready to practicable in the global economic growth and were ready to take the necessary steps. In the article the researcher also pointed out that the land claims and economic growth can be both solved by government policy and development strategies of entrepreneurs. There could be more research in which they could ask the views of the people as to what they think should be done. More of primary research should be taken place as secondary data becomes outdated after some time period. More future research csan be done as to how more investors form other countries could be attracted to Canada.

Whether their cultural is one that is welcoming and the nature of the people. More research should be done as to what roles government should play to make the people ready to move along with its policies. In tbhe End there were a lot of incidents which were related as to what decision the people and the government faced and what decision were taken. In the conclusion they have stated that they have decreased their role and interference in the lives of the people . More authority is given to the people so that the social economics objectives are achieved and how other economies like them can take measure like them in order to be more socially economic growth indigenous economies.

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