{"id":82271,"date":"2017-10-29T07:41:00","date_gmt":"2017-10-29T08:41:00","guid":{"rendered":"https:\/\/resourcework2.devstudio.work\/?p=82271"},"modified":"2024-11-26T13:12:01","modified_gmt":"2024-11-26T13:12:01","slug":"resources-primer","status":"publish","type":"post","link":"https:\/\/resourcework2.devstudio.work\/?p=82271","title":{"rendered":"RESOURCES PRIMER: Five proof points showing how primary industries drive the economy"},"content":{"rendered":"\n<p>The first thing to know is that over time, resources have actually been a pretty steady component of the overall economy. The chart below shows British Columbia&#8217;s international merchandise exports for the two decades from 1996 to 2006.\u00a0<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"940\" height=\"788\" src=\"https:\/\/resourcework2.devstudio.work\/wp-content\/uploads\/2017\/10\/STEADY_PRESENCE-2.jpg\" alt=\"\" class=\"wp-image-86978\" srcset=\"https:\/\/resourcework2.devstudio.work\/wp-content\/uploads\/2017\/10\/STEADY_PRESENCE-2.jpg 940w, https:\/\/resourcework2.devstudio.work\/wp-content\/uploads\/2017\/10\/STEADY_PRESENCE-2-300x251.jpg 300w, https:\/\/resourcework2.devstudio.work\/wp-content\/uploads\/2017\/10\/STEADY_PRESENCE-2-768x644.jpg 768w\" sizes=\"(max-width: 940px) 100vw, 940px\" \/><\/figure>\n\n\n\n<p>Note that overall exports grew during this time, and so did resource exports. There has been a slight decrease of the resource share, by about 5 percentage points, as the broader economy diversifies. (The chart reflects goods exports only and does not include growth in the service economy where statistics show different diversification patterns.)<\/p>\n\n\n\n<p>To understand the resiliency of the resource economy, check out the following slides drawn from a presentation by Ken Peacock, chief economist of the Business Council of BC, to the BC Assembly of First Nations in October 2017.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"940\" height=\"788\" src=\"https:\/\/resourcework2.devstudio.work\/wp-content\/uploads\/2017\/10\/post-image-17-1.jpg\" alt=\"\" class=\"wp-image-86980\" srcset=\"https:\/\/resourcework2.devstudio.work\/wp-content\/uploads\/2017\/10\/post-image-17-1.jpg 940w, https:\/\/resourcework2.devstudio.work\/wp-content\/uploads\/2017\/10\/post-image-17-1-300x251.jpg 300w, https:\/\/resourcework2.devstudio.work\/wp-content\/uploads\/2017\/10\/post-image-17-1-768x644.jpg 768w\" sizes=\"(max-width: 940px) 100vw, 940px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"940\" height=\"788\" src=\"https:\/\/resourcework2.devstudio.work\/wp-content\/uploads\/2017\/10\/2.jpg\" alt=\"\" class=\"wp-image-86981\" srcset=\"https:\/\/resourcework2.devstudio.work\/wp-content\/uploads\/2017\/10\/2.jpg 940w, https:\/\/resourcework2.devstudio.work\/wp-content\/uploads\/2017\/10\/2-300x251.jpg 300w, https:\/\/resourcework2.devstudio.work\/wp-content\/uploads\/2017\/10\/2-768x644.jpg 768w\" sizes=\"(max-width: 940px) 100vw, 940px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"940\" height=\"788\" src=\"https:\/\/resourcework2.devstudio.work\/wp-content\/uploads\/2017\/10\/3.jpg\" alt=\"\" class=\"wp-image-86982\" srcset=\"https:\/\/resourcework2.devstudio.work\/wp-content\/uploads\/2017\/10\/3.jpg 940w, https:\/\/resourcework2.devstudio.work\/wp-content\/uploads\/2017\/10\/3-300x251.jpg 300w, https:\/\/resourcework2.devstudio.work\/wp-content\/uploads\/2017\/10\/3-768x644.jpg 768w\" sizes=\"(max-width: 940px) 100vw, 940px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"940\" height=\"788\" src=\"https:\/\/resourcework2.devstudio.work\/wp-content\/uploads\/2017\/10\/4.jpg\" alt=\"\" class=\"wp-image-86984\" srcset=\"https:\/\/resourcework2.devstudio.work\/wp-content\/uploads\/2017\/10\/4.jpg 940w, https:\/\/resourcework2.devstudio.work\/wp-content\/uploads\/2017\/10\/4-300x251.jpg 300w, https:\/\/resourcework2.devstudio.work\/wp-content\/uploads\/2017\/10\/4-768x644.jpg 768w\" sizes=\"(max-width: 940px) 100vw, 940px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"940\" height=\"788\" src=\"https:\/\/resourcework2.devstudio.work\/wp-content\/uploads\/2017\/10\/5.jpg\" alt=\"\" class=\"wp-image-86985\" srcset=\"https:\/\/resourcework2.devstudio.work\/wp-content\/uploads\/2017\/10\/5.jpg 940w, https:\/\/resourcework2.devstudio.work\/wp-content\/uploads\/2017\/10\/5-300x251.jpg 300w, https:\/\/resourcework2.devstudio.work\/wp-content\/uploads\/2017\/10\/5-768x644.jpg 768w\" sizes=\"(max-width: 940px) 100vw, 940px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"940\" height=\"788\" src=\"https:\/\/resourcework2.devstudio.work\/wp-content\/uploads\/2017\/10\/6.jpg\" alt=\"\" class=\"wp-image-86986\" srcset=\"https:\/\/resourcework2.devstudio.work\/wp-content\/uploads\/2017\/10\/6.jpg 940w, https:\/\/resourcework2.devstudio.work\/wp-content\/uploads\/2017\/10\/6-300x251.jpg 300w, https:\/\/resourcework2.devstudio.work\/wp-content\/uploads\/2017\/10\/6-768x644.jpg 768w\" sizes=\"(max-width: 940px) 100vw, 940px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"940\" height=\"788\" src=\"https:\/\/resourcework2.devstudio.work\/wp-content\/uploads\/2017\/10\/7.jpg\" alt=\"\" class=\"wp-image-86987\" srcset=\"https:\/\/resourcework2.devstudio.work\/wp-content\/uploads\/2017\/10\/7.jpg 940w, https:\/\/resourcework2.devstudio.work\/wp-content\/uploads\/2017\/10\/7-300x251.jpg 300w, https:\/\/resourcework2.devstudio.work\/wp-content\/uploads\/2017\/10\/7-768x644.jpg 768w\" sizes=\"(max-width: 940px) 100vw, 940px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"940\" height=\"788\" src=\"https:\/\/resourcework2.devstudio.work\/wp-content\/uploads\/2017\/10\/8.jpg\" alt=\"\" class=\"wp-image-86989\" srcset=\"https:\/\/resourcework2.devstudio.work\/wp-content\/uploads\/2017\/10\/8.jpg 940w, https:\/\/resourcework2.devstudio.work\/wp-content\/uploads\/2017\/10\/8-300x251.jpg 300w, https:\/\/resourcework2.devstudio.work\/wp-content\/uploads\/2017\/10\/8-768x644.jpg 768w\" sizes=\"(max-width: 940px) 100vw, 940px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>The world is just as dependent as ever on basic materials that need to be responsibly sourced from somewhere. This can be challenging to understand\u00a0 for those who&#8217;ve heard the arguments that Canada is a post-resource economy. This material can help.<\/p>\n","protected":false},"author":9,"featured_media":86977,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[8],"tags":[252],"class_list":["post-82271","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-manufacturing","tag-resources"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>RESOURCES PRIMER: Five proof points showing how primary industries drive the economy -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/resourcework2.devstudio.work\/resources-primer\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RESOURCES PRIMER: Five proof points showing how primary industries drive the economy -\" \/>\n<meta property=\"og:description\" content=\"The world is just as dependent as ever on basic materials that need to be responsibly sourced from somewhere. This can be challenging to understand\u00a0 for those who&#039;ve heard the arguments that Canada is a post-resource economy. 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