New development: Canada's cutback management

Abstract

This new development article presents the study of narratives as an important approach to the practice and analysis of public management overall and more specifically to that of cutback management and financial sustainability. Canada's current fiscal situation is used as an example to highlight the usefulness of narratives in the discipline; the article also provides lessons for European countries currently facing a public finance crisis.

Keywords:

• Austerity
• Canada
• cutback management
• narrative
• politics

Notes

*Dutch disease refers to the economic imbalance created in a country due to the exploitation of natural resources to the detriment of the manufacturing sector. As natural resources are exploited, the value of the currency increases with negative repercussions on the manufacturing sector and its ability to export.