Lawyers striking it rich in St. John's, Newfoundland.
Theme: Economic development
Subject Article: "St John's: Big-city practice, small town lifestyle."
Other Links: 1. "The Natural Resource Curse: A Survey."
2. "Borderlines: Oh, (No) Canada!"
3. "What Dutch disease is, and why it's bad."
Postscript: A few weeks ago, a Texas magazine asked me to write about the impact of low oil prices on the migration to the state. Migration patterns are surprisingly resilient. Over time, persistently low oil prices would reshape U.S. migration. But we are probably talking decades, not months. Domestic migration is more dynamic than international migration. Thus, I expect Houston to continue to boom as an immigrant gateway. More importantly, the oil boom has gathered considerable brain power and wealth in Texas. I see it as the new California concerning the aspirational geography of choice for the location-fickle. Texas is much more than a petro-state, at least within the Triangle of metros the attract people from across the nation and around the world.