TITLE

A Neglected Island Comes to Life

AUTHOR(S)
MacKaye, Milton
PUB. DATE
April 1959
SOURCE
Saturday Evening Post;4/4/1959, Vol. 231 Issue 40, p46
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
This article reports on the economic development of the island of Newfoundland, Newfoundland &3x0026; Labrador. For generations the people of this bleak but strategic land lived in grinding poverty. But today, Yankee dollars and a controversial premier are bringing Newfoundland out of the shadows. Newfoundland was once a poor country with only one industry--fishing. Just before the turn of the century, leaders hoped to join Canada as a province, but union fell through when a parsimonious Canada refused to shoulder $5,000,000 of Newfoundland's public debt. However, Newfoundland is now a sportsman's paradise.
ACCESSION #
17799893

 

Related Articles

  • LOST IN THE DARK. Wallace, Charles P.; Boston, William; Goff, Brent; Wosnitza, Regine // Time International (South Pacific Edition);6/30/2003, Issue 25, p40 

    The article discusses the financial crisis facing Berlin, Germany. Parts of the city are experiencing levels of poverty that were previously unknown in Germany. Even Berlin's famous nightlife has been affected by the glum mood. Berlin's problems can be traced back to the subsidies, amounting to...

  • ECONOMY.  // Background Notes on Countries of the World: Mexico;11/16/2011, p7 

    The article explores the economic history and conditions of Mexico. The high rate of poverty in the country emphasizes the need to post high rates of economic growth in order to create economic opportunities for new entrants to the workforce. It relates the more than 5% growth posted by the...

  • The optimum growth rate for population reconsidered. Jaeger, Klaus; Kuhle, Wolfgang // Journal of Population Economics;Jan2009, Vol. 22 Issue 1, p23 

    This article gives exact general conditions for the existence of an interior optimum growth rate for population in the neoclassical two-generations-overlapping model. In an economy where high (low) growth rates of population lead to a growth path that is efficient (inefficient), there always...

  • Considerations over the Foreseen Level of Government Gross Debt in Romania. Irina-Ştefana, Cibotariu // Ovidius University Annals, Series Economic Sciences;2014, Vol. 14 Issue 1, p589 

    The current paper emphasizes, besides the definitions specific to the public debt concepts, the government public debt and the local public debt, as well as some data related to the gross government debt, in accordance to the European Union methodology, the analysis of influencing the economic...

  • Shaky Ability To Pay.  // Latin America Monitor: Central America Monitor;Feb2007, Vol. 24 Issue 2, p3 

    The article analyzes the ability and willingness of El Salvador to pay its external debt. The country is politically stable in terms of its willingness to pay its debt. The lack of a domestic currency affects the capability of the government and monetary authorities to push economic development....

  • Reform of the Stability and Growth Pact: Evaluation the European Commission's Communication of September 2004. Eijffinger, Sylvester C. W. // Intereconomics;Jan2005, Vol. 40 Issue 1, p10 

    The article focuses on the reform of the Stability and Growth Pact (SGP). The recent European Commission (EU) Communication of the Commission incorporates many of the changes to the SGP as proposed by the literature' during the last years. In order to take account of the financial fragility of a...

  • POLAND'S PUBLIC FINANCE CONVERGENCE WITH THE EURO AREA. Kawecka-Wyrzykowska, E. // Central European Business Review;Jun2013, Vol. 2 Issue 2, p51 

    The situation of Poland's public fi nances has been improving. Helped by solid economic growth in 2011, Poland has reduced its budget deficit in line with the Commission's recommendations. However, contrary to earlier forecasts, in 2012 it was still well above the ceiling of 3% of GDP. As a...

  • APLIKÁCIA GRANGEROVHO TESTU NA SKÚMANIE KAUZALITY VEREJNÉHO DLHU A EKONOMICKÉHO VÝVOJA KRAJINY. MIHÓKOVÁ, Lucia; ZLACZKÁ, Veronika // Social & Economic Revue;2013, Vol. 11 Issue 2, p74 

    The deepening of fiscal imbalance in the form of rising public debt is in the last three decades the main problem of public finance in all European countries. The impact of fiscal imbalance on economic growth and their causal relationship has become the object of extensive and not only...

  • Reframing the debate: the debt relief initiative and new normative values in the governance of third world debt. Tan, Celine // International Journal of Law in Context;Jun2014, Vol. 10 Issue 2, p249 

    The introduction of the Heavily Indebted Poor Countries (HIPC) initiative in 1996 established landmark legal and policy innovations both in the regulatory landscape of sovereign debt and in the framework of international development finance. As the HIPC framework draws to a close, this paper...

Share

Read the Article

Courtesy of NEW JERSEY STATE LIBRARY

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics