CIDA AND THE MINING SECTOR (BLACKWOOD, STEWART)

Flashcards about CIDA and the Mining Sector

Whole-of-Government (WOG) Approach

A Whole-of-Government (WOG) Approach signifies a cohesive effort across various governmental departments to achieve a unified policy goal. Concerning Canadian mining interests abroad, this approach ensures the alignment of diplomatic, trade, and developmental assistance efforts, bolstering Canadian mining capital and ensuring responsible international engagements.

Official Development Assistance Accountability Act (ODAAA)

The Official Development Assistance Accountability Act (ODAAA) is legislation that ensures Canadian foreign aid prioritizes poverty reduction, integrates the perspectives of impoverished populations, and upholds international human rights standards. This act mandates ethical and effective allocation of aid resources, promoting accountability and sustainable outcomes.

Dutch Disease

Dutch Disease describes an economic phenomenon where increased revenues from natural resource exports lead to a contraction in other sectors like manufacturing and agriculture. The surge in resource revenue appreciates the country's currency, diminishing the competitiveness of other exports in the global market and potentially creating economic imbalances.

Extraterritoriality

Extraterritoriality refers to a country's application of its laws to its citizens or corporations operating outside its national boundaries. This policy empowers a country to regulate the behavior of its entities engaged in activities abroad, ensuring compliance with domestic laws and ethical standards, regardless of the host country's regulations.

Main argument of the article (blackwood, stewart)

a country's application of its laws to its citizens or corporations operating outside its national boundaries allows it to regulate the behavior of its entities engaged in activities abroad, ensuring compliance with domestic laws and ethical standards, regardless of the host country's regulations.