TESTING 2020 Economic Resilience – Episode #4
The economic downturn is global. Economic resilience is being tested. What are the roles for government and the effectiveness of the Innovation Ecosystem in supporting small business – core to developing the Province’s economic resilience?
Governments worldwide are struggling to contain the social and economic impact of Covid-19. Economic recovery will hinge on the resilience of your economy – the capacity to bounce back from shocks such as Covid-19 and others identified in our MEGATRENDS Report. What is the prospect for a rapid recovery? Alberta is a case in point. Our October sentiment survey’s findings are being released in 5 episodes.
In this issue we are presenting Episode #4, highlighting your view of the most appropriate roles for government in economic development and an assessment of the effectiveness of Alberta’s Innovation Ecosystem in supporting the survival, growth, and retention of small businesses. Episode #5 next week concludes the Program with Summary Recommendations drawn from your survey responses.
- Episode #1. OVERALL. Objectives of the Program and the Overall status of Alberta’s economic resilience and the factors influencing your sentiment
- Episode #2. LOCATION. How Alberta’s economic resilience differs by Regions: Edmonton, Calgary and Other including Northern, Central and Southern….and how it has changed over the last few years
- Episode #3. SECTOR. How Alberta’s economic resilience differs for each of Alberta’s economic sectors: Public Services, Professional Services, and Industries
The Alberta Government’s plan for Recovery released June 2020 HERE
The Alberta Government’s recovery plan addresses “…the triple threat of the largest public health crisis in a century, the biggest global economic contraction since the 1930s, and an unprecedented collapse in energy prices.” The Plan includes what the Alberta Government proposes for “…building, diversifying, and most importantly creating jobs.”
When is Enough Enough?
- Recovery will come at a cost HERE
Mark Anielski has provided us with an analysis of the last half-century of Federal Government’s interest payments identifying the staggering 29% increase in spending to address the Covid-19 crisis and the trillions – yes, $trillions of interest paid. Draw your own conclusions. The nation’s resources are at the disposal of governments with spending governed by taxpayer representatives. “When is enough enough?”
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