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No Country of San Franciscos

16 Jan 2021

Canada has arrived at the end of the policy paradigm shaped by the recommendations of the Macdonald Commission and the long tail of the Washington Consensus, including free trade agreements, deficit fighting and the rules-based multilateral trading system What comes now? [...] Progressive and centrist arguments for industrial strategies, including those emerging from the work of Mariana Mazzucato, Heather Boushey, and Dani Rodrik and others tend to highlight the importance of public sector investments in innovation and wealth creation in the private sector; and the advocates for a Green New Deal would shape the market to accelerate investments in technologies that drive [...] For example, the OECD points to a modern set of industrial policies that leave behind the inward-facing import substitution industrialization of the past and instead focus on sustainability and social inclusion.18 And a recent IMF paper suggests that the Asian industrial policies that helped spur export-oriented economic growth in the past two decades also resulted in less concentrated benefits an [...] As Canada carves a path in the new world of economic competition and industrial policies, how we measure and understand the impact on workers, communities and the environment must be part of the agenda. [...] This platform provides a set of measures focused on job quality to support governments and companies with reliable and consistent information to make purchasing decisions on a variety of metrics that include social and economic inclusion.62 More sophisticated and strategic use of procurement should not be left to governments alone.
economic development innovation growth government education politics sustainability economy entrepreneurship industrial policy science and technology canada bankruptcy business capitalism economic growth employment investments labour unemployment unemployment benefits wealth bank community employee capital (economics) caregiver
Pages
46
Published in
Toronto, ON, CA

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