Friday, December 09, 2005

Politics and Canada's economic future

David Crane: Parties must tackle nation's economic fate

The top five economies today are the United States, Japan, Germany, France and Britain. But by 2025, it suggests, it's probable that the top five will be the United States, China, Japan, Germany and India. And by 2050, the top five could be China, the United States, India, Japan and Brazil, with Mexico a close sixth. Canada would move from eighth place today to 13th in 2025 and 15th in 2050.
These shifts mean that Canada has only one choice if it is to succeed in the future global economy: It has to become a highly specialized high-value economy with a superbly educated and skilled population and an enormous capacity for creativity and innovation.

But how do we accomplish this? This is what are political leaders should really be talking about in the election campaign. As economist Lester Thurow once said, "The role of government is to represent the future to the present." So what kind of future would each party represent to us when asking for our votes?

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