I agree that the economic development is key. I'm flustered that in Canada, we only talk economic development in term of natural resources (mining, oil and gas...).
Coming from Europe, we rarely talk of natural resources as a key driver for long term financially sustainable growth as it is low value added sectors versus technology, pharmaceutical, biotech, manufacturing industries (with automation..). I would argue now that the main natural resources that are talked on Europe is solar, wind and in periphery white hydrogen, lithium.
Like it or not, we need natural resources to actually build things though. Why not do some of it here if it makes economic sense and we can do it with more stringent environmental monitoring.
Good article David. It would be interesting to see how much influence on GDP things like a recession and a pandemic had on this comparison. Certainly innovative leadership plays a big part in driving GDP but I would think that there are some things that leaders cannot control.
David - remember when economic development was sexy - Premiers fought over who could be the best marketer. Today it doesn’t seem to register as a priority with any level of government . Good honest points here David -we fool ourselves into thinking the economy- that’s pays all taxes and government bills will just continue upwards without strategy nor intervention- wish were that was the case - but- it just does not work that way.
I agree that the economic development is key. I'm flustered that in Canada, we only talk economic development in term of natural resources (mining, oil and gas...).
Coming from Europe, we rarely talk of natural resources as a key driver for long term financially sustainable growth as it is low value added sectors versus technology, pharmaceutical, biotech, manufacturing industries (with automation..). I would argue now that the main natural resources that are talked on Europe is solar, wind and in periphery white hydrogen, lithium.
Like it or not, we need natural resources to actually build things though. Why not do some of it here if it makes economic sense and we can do it with more stringent environmental monitoring.
Good article David. It would be interesting to see how much influence on GDP things like a recession and a pandemic had on this comparison. Certainly innovative leadership plays a big part in driving GDP but I would think that there are some things that leaders cannot control.
David - remember when economic development was sexy - Premiers fought over who could be the best marketer. Today it doesn’t seem to register as a priority with any level of government . Good honest points here David -we fool ourselves into thinking the economy- that’s pays all taxes and government bills will just continue upwards without strategy nor intervention- wish were that was the case - but- it just does not work that way.