Week 3 – The Work Begins

So I finally started to get into working. My current task is to review various texts and identify gaps in Aboriginal Business content. So far, I've reviewed a majority of a textbook dealing with Aboriginal Peoples in Canada. I've taken notes on things that I think might affect the Aboriginal Economies.

This week, I started to review an Intro to Business text for students in Canada. It's fascinating and right from the beginning, the differences between Canadian Business and Aboriginal Business in Canada are significant.

My first textbook is the 6th Canadian Edition of Business Essentials. It's pretty cool that Sherry Finney of Cape Breton University and Rob Anderson of Thompson Rivers University were both contributors to this text.

The first chapter I'm reviewing gives an intro to Economics and it's interaction with Business. It briefly describes various economic systems around the world. These are a few exerpts describing a particular type of economy that stick out in my mind:

  • It's an economic system in which government controls all or most factors of production and makes all or most production decisions.

 

  • Individuals may be told where they can and can not work, companies may be told what they can and can not manufacture, and consumers may be told what they purchase and what they pay.

It sounds a bit like a reserve doesn't it? Investment and business decisions made by the communities elected leaders must have a record of decision and have final approval by the Minister of Indian Affairs.

Bylaws, regulations, and policies all must also receive final approval by the Minister, even if approved by the Chief and Council.

The exerpt, though, wasn't about a reserve economy – it was describing a Command Economy. Command economies are where the government basically commands what does and doesn't happen for their people. Reserves are similar – only it's the Canadian government that commands what happens on First Nations reserves.
 

These are my thoughts for the time being.