8 - Economic Security and the Changing Global Economy - Dan Ciuriak and Patricia Goff

Traditional notions of national security emphasize the ability The idea of a security dimension to economic to defend the sovereignty of the state and the lives policy is well established. [...] This report argues for a nuanced understanding of security policy that acknowledges the expanding Some risks are to be embraced as part of the economic dimensions of national security calculation in seeking opportunity; the policy policy, alongside the fundamental importance challenge is risk management and mitigation of providing for the country’s economic security (for example, in the case of tr. [...] increasing economic costs and disruptions caused by climate-related weather events and As the global economy moves into the post- the rising exposure to cyber disruption as the pandemic era, it faces an unusual confluence digital transformation progresses, in particular of supply-side constraints: an energy supply with the development of the IoT in the backbone crisis, the first in the transition. [...] In The Northern Frontier addition, Contracting Parties to the Spitsbergen A key development affecting Canada’s security Treaty [now Svalbard Treaty, to which China has status has been the opening of the North due been a signatory since 1925] enjoy the liberty of to climate change, which has meant more access and entry to certain areas of the Arctic, commercial and military traffic across the Arcti. [...] Economic Security and the Changing Global Economy 17 The Northern Frontier Market Access Risks in The opening of the North creates an urgent demand the United States for policy integration across national security, Given the influence of economic geography the economic development and infrastructure on Canada’s trade, the main task for Canada’s development needs of Northern Indigenous economic dip.