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Globalisation, economic literacy and native economic development

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  • Ronald K. Mitchell

Abstract

While Canada is not considered to be economically disadvantaged, certain peoples within Canada are. For example, economic 'mastery in one's own house' is important to native peoples in Northwest British Columbia (NWBC) but has not yet been achieved. Thus arises the yet unanswered question: How can such economic dependency be eliminated? In this paper, I make the case for a new economic literacy in native economic development. I argue that the elimination of economic dependency can only occur by conscientiously repairing the damage from 19th century globalisation, while not missing globalisation opportunities in the 21st century. This means going beyond a simplistic resource redistribution approach, and fostering high levels of economic literacy, based on: (1) key transaction cognitions (as defined herein) in a larger portion of people on-reserve, (2) providing equal opportunities for on-reserve capital formation through attention to property rights and (3) adjusting or transforming native governance structures; all to minimise the economic entropy from transaction costs.

Suggested Citation

  • Ronald K. Mitchell, 2006. "Globalisation, economic literacy and native economic development," International Journal of Entrepreneurship and Small Business, Inderscience Enterprises Ltd, vol. 3(6), pages 743-759.
    • Handle: RePEc:ids:ijesbu:v:3:y:2006:i:6:p:743-759
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    Cited by:

    1. Farooq, Mubashar, 2016. "Impact of Quality Education and Tangibles of Education system (constructs of globalization) on Literacy Improvement- An analysis of Public-Private Educational Sector of Southern Punjab Region of Pakis," MPRA Paper 74861, University Library of Munich, Germany, revised 01 Nov 2016.

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