Fraser Forum is published 12 times a year by The Fraser Institute, Vancouver, B.C. Canada.

The Fraser Institute is an independent Canadian economic and social research and educational organization. It has as its objective the redirection of public attention to the role of competitive markets in providing for the well-being of Canadians. Where markets work, the Institute’s interest lies in trying to discover prospects for improvement. Where markets do not work, its interest lies in finding the reasons. Where competitive markets have been replaced by government control, the interest of the Institute lies in documenting objectively the nature of the improvement or deterioration resulting from government intervention. The work of the Institute is assisted by an Editorial Advisory Board of internationally renowned economists. The Fraser Institute is a national, federally chartered non-profit organization financed by the sale of its publications and the tax-deductible contributions of its members, foundations, and other supporters.

For additional copies, or to become a member and receive Fraser Forum, write or call The Fraser Institute, 4th Floor, 1770 Burrard Street, Vancouver, B.C.,  V6J 3G7 Toll-free order line: 1-800-665-3558
Telephone:  (604) 688-0221; Fax: (604) 688-8539
Visit our Web site at www.fraserinstitute.ca
Copyright ã 1998 The Fraser Institute
Date of Issue: November 1998;
Printed and bound in Canada.
Canadian Publications Mail Sales Product Agreement #0087246
(ISSN 0827-7893)
Cover photo: ã Lilo Raymond, The Image Bank

Publishing editor: Michael Walker
Managing editor: Kristin McCahon
Designer: Kristin McCahon
Art design and assistance: David Cook Design
Contributing editors: Jason Clemens, Joel Emes, Johanna Francis, Laura Jones, Fazil Mihlar, Martin Zelder, Michael Walker
Finance and Administration: Michael Hopkins
Media Relations: Suzanne Walters

FRASER INSTITUTE BOARD OF TRUSTEES

Chairman

Raymond J. Addington, OBE

Vice Chairmen

T. Patrick Boyle

William Korol

Mark Mitchell

Board Members

Arnold Aberman, M.D.

Keith Ambachtsheer

Sonja Bata

Edward Belzberg

Everett Berg

Tony Boeckh

Peter Boyd

Peter Brown

Alan Campney

Ronald Cathcart

Alex Chafuen

James Chaplin

Wendy Cecil-Cockwell

Serge Darkazanli

Edward Dato

John Dobson

Greg Fleck

Arthur Grunder

Raymond Heung

Paul Hill

Stephen Hynes

Warren Jestin

Peter Kains

Hassan Khosrowshahi

Robert Lee

Brian Levitt

William Mackness

Jim Main

Fred Mannix

Roger Phillips

Herbert Pinder, Jr.

R. Jack Pirie

Peter Pocklington

David Race

David Radler

Conrad Riley, Jr.

John Scrymgeour

William Siebens

Michael Walker

Catherine Windels

Secretary-
Treasurer

Michael Hopkins

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Last Modified: Wednesday, October 20, 1999.