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THE BRITISH COLUMBIA ECONOMY 1971-1986The economy of British Columbia over the last decade-and-a-half has been characterized by the dramatic swings of expansion and contraction which are so prevalent in economies highly dependent upon natural resources and world markets.
During the 1970s, British Columbia benefitted from the rapid rise in commodity prices, particularly in forest products, metals and energy, and from the rise in world trade with the result that the Province experienced unprecedented levels of exports, investment and consumer demand.
From 1971 to 1981 total production or Gross Domestic Product (GDP) increased more than fourfold in dollar terms. Adjusting for the effects of inflation, the real growth in GDP was over 60 percent during this period, or on average almost 5 percent per year.
Only in 1975 did real growth in the Province actually decline.
The world recession of 1982 was particularly hard on the B.C. economy.
Just as rising commodity prices fuelled B.C.'s economy in the 1970s, plunging prices for our natural resources and depressed world demand led to curtailed economic activity in 1982 and 1983 and into 1984.
As export earnings declined, corporate profits shrank. Uneconomic mines and mills were forced to close and corporate plans for new investment were shelved. Investment by businesses in nonresidential structures and machinery and equipment was 25 percent lower in 1985 than in 1981.
Since 1984 the Province has experienced steady, if somewhat constrained, economic growth.
Buoyed by the construction of Expo 86 and by cautious strengthening of resource prices, real growth in the Province increased by some 3 percent in 1985.
Despite Expo 86, real growth weakened somewhat in 1986 due to the protracted forestry strike.
Indications are that 1987 was a year of moderately strong real growth.
The period since 1971 has also witnessed major changes in the industrial structure of British Columbia.
The most notable of these is perhaps our greater dependency on the service sector.
As summarized in the following table, the service-producing sectors have increased their share of the economy from 62.2 percent in 1971 to 69.2 percent in 1985.
Leading this change has been the Finance, Insurance and Real Estate (FIRE) industries. Community, Business and Personal Services (CBPS) which includes the Health and Education, tourism-related Accommodation and Restaurants, and the fast-growing Management Services sectors, has also increased its relative importance.
Despite this trend toward services, the Province still remains more heavily dependent on resource extraction and resource processing than most other jurisdictions in Canada.
However, as the Province expands its industrial base into the areas of electronics and high-technology equipment and as the tourism-based sectors provide growing opportunities for British Columbians, this dependency will continue to fall.
additional informationUbcpress.ca :: University of British Columbia Press
forest, forest economy, flexibility, British, geography.
Flexible Crossroads looks at the contemporary restructuring of British Columbia's forest economy, demonstrating how both resource dynamics -- the transition from old growth to managed forests -- and industrial dynamics -- changing technology and global market forces -- have shaped this transformation.
The first part of the book provides global and historical perspectives by situating British Columbia's forest economy within the wider context of global industrialization, the history of resource dynamics, and the current shift from Fordist to more flexible systems of production.
In the second part, Hayter assesses the extent to which British Columbia's forest economy is enacting this shift by focusing on factors such as foreign ownership, the strategies and structure of MacMillan Bloedel, the role of small firms, trade relations, employment and labour relations, forest community development, environmentalism and resource use, and innovation policy.
Ministry of Forests http://www.gov.bc.ca/for/
forestry, agreement, ECONOMY, Forests Minister, Jong.
May 30, 2003 ALLOWABLE ANNUAL CUT INCREASED FOR TREE FARM LICENCE 53 VICTORIA The allowable annual cut for Tree Farm Licence 53 near Hixon, south of Prince George, has increased 109 per cent to 500,000 cubic metres in response to a significant threat of timber loss due to the mountain pine beetle.
May 2, 2003 FORESTRY EXHIBIT TO PROMOTE NEW OPPORTUNITIES PRINCE GEORGE Government is launching a forestry revitalization exhibit that will visit 38 communities to help strengthen B.C.'s forest sector by promoting its products and practices, as well as new opportunities being created in it.
April 25, 2003 FIRST NATIONS AGREEMENT TO HELP REVITALIZE ECONOMY CRANBROOK The Ktunaxa Kinbasket Tribal Council and Forests Minister Michael de Jong signed an agreement today that will help create new economic opportunities for the council and increase land-base certainty through the direct award of a community forest pilot agreement.
Ubcpress.ca :: University of British Columbia Press
environmental policy, resource, Canadian, Politics, natural resource.
This book examines policy-making in one of the most significant areas of activity in the Canadian economy -- natural resources and the environment.
It discusses the evolution of resource policies from the early era of exploitation to the present era of resource and environmental management.
The integration of social science perspectives and the combination of theoretical and empirical work make this innovative book one of the most comprehensive analyses of Canadian natural resource and environmental policy to date.
Michael Howlett is an associate professor in the Department of Political Science at Simon Fraser University.
Decision-Making: The Politics of Resource and Environmental Policy 9.
Social Studies - Grade 10 | Teaching Resource | Discover Your Legislature | Legislative Assembly of British Columbia | http://www.legis.gov.bc.ca/info/2-7-12-4.htm
British, Canada, students, History, economy.
It is expected that students will identify and clarify a problem, an issue, or an inquiry as well as plan and conduct library and community research using primary and secondary print and non-print sources, including electronic sources.
The development of British Columbia in its early days was influenced greatly by the roles of many groups and their issues, such as women's suffrage, Aboriginal treaty negotiations and the right to vote.
Discover Your Legislature provides research materials on the evolution of responsible government and federalism in the People, Purpose and History sections.
It is expected that students will identify factors that contribute to the economy of British Columbia.