Progress on technological change will be challenged by the arrival of two billion more people on this planet by 2040, a much larger global middle class and a global economy 244 per cent bigger, according to the OPEC oil report.
Economists assume that free market-oriented policies, such as boosting competition, embracing free trade and cutting taxes and regulations drive economic growth. ‘But Canada has not experienced the boon in productivity which many had hoped these policies would bring,’ says a new report.
The biggest economic challenge is how to build an innovative, knowledge-based economy, with good jobs and a higher rate of productivity growth.
We should worry less about a budget deficit and focus more on why we need a public investment strategy.
Our political parties seem much more focused on a return to the past economy than seeking ways to thrive in a new economy. This is bad news for the middle class.
The reality is that government has a crucial role to play through its investments in fostering innovation and growth.
Prime Minister Stephen Harper will have to make some hard decisions just weeks before Canada’s election day.
Canadians are not much the wiser after the first televised leaders’ debate.
Its priority from the start has been to make Canada an ‘energy superpower,’ relying on aggressive development of the Alberta oil sands and pipelines to carry rising volumes of oil to U.S. and Asian markets, with the assumption this would generate strong growth, jobs and rising tax revenues.
While the Harper government could not necessarily have foreseen a sharp drop in oil and other commodity prices, it chose to ignore the warnings.
Canadians need, before the October election, to know which political party has the most credible action plan as the world struggles to avert catastrophic climate change.
Raising our productivity performance for a better economic future is not a quick-fix challenge. It will take much effort, including better understanding of why productivity performance is weak.
There are two big factors working against the oil sands that will curb future growth. One is economic, with the dramatic fall in oil prices making investment in new oil sands plants less attractive. The other is the urgent need to address climate change much more aggressively, which also puts future oil sands investments at risk.
'There is a pathway to better growth that is staring us in the face, but has yet to be set out by any of the major parties as a future direction for our country: to make Canada a nation leading the way to a truly low-carbon economy,' writes David Crane.
We should be thinking much harder about alternative ways to grow our future economy for the jobs and wealth we’ll need to sustain a decent standard of living.
All federal political parties face a spotlight glare on climate, says columnist David Crane. Which will be willing to offer real and clear choices on our energy-environment future, with credible policies to back their plans up?
There is now no hope of meeting our international commitment to lower annual greenhouse gas emissions in 2020 by 17 per cent below the 2005 level.
It won’t be that easy moving us to stronger growth and job creation. But we surely should do everything we can to improve the life chances for all Canadians rather than resigning ourselves to slow growth and diminished expectations.
If we are to have engaged public policy discussion that draws on the collective knowledge, experience and ideas of Canadians we should end up with better policies. This applies to almost every area of public policy.
Party Under the Stars was held on Feb. 3 at Ottawa City Hall. Conservative MPs Erin O'Toole and Steven Blaney dancing with performer Jully Black.
Ottawa Mayor Jim Watson, Party Under the Stars organizer Cheri Elliott, National Defence Minister Harjit Sajjan, and Chief Government Whip Andrew Leslie.
Environics' Louis Charles Roy, Greg MacEachern, and their newest hire Chris McCluskey.
The crowd inside the Sir John A. Macdonald Building on Feb. 3.
Liberal MPs Joyce Murray, Sukh Dhaliwal, and Hedy Fry with B.C. Premier Christy Clark.
B.C. Liberal MP Joe Peschisolido and Premier Christy Clark.