The creation of the six Economic Strategy tables will support innovation in advanced manufacturing, agri-food, clean technology, digital industries. Institutions and time are key instruments of economic strategy; specific goals help clarify direction and priorities. An economic strategy aimed at rapid growth and/or catching up with leading countries justifies a high level of resource mobilization. Information on the Economic Strategy - Agri-Food Table.
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The discussion centred on what kind of agri-food sector Canada wants for itself inand which elements will seed the creation of a economic strategy strategy that captures the opportunities ahead.
This presentation was a prelude to the in-depth discussion on regulations which will take place at the next Table meeting in March. This led to a roundtable discussion in which members shared their experiences with technology and the key barriers economic strategy adoption they face, such as the need for scale for investments to be profitable and challenges to hiring employees with the right skill sets.
This led to a roundtable discussion with members on the key elements needed by firms as they prepare to make economic strategy jump to exporting, and strategies that would put more Canadian firms in a position to seize global opportunities.
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Members also acknowledged the importance of economic strategy domestic market, and not overlooking this opportunity for sector growth. What we'll do next The vision statement will be revised to reflect feedback from Table members.
Additional analytic material will be provided to Table members to contextualize different growth economic strategy and develop possible scenarios for how economic strategy could be achieved.
The Producer Advisory Council will meet in February to provide input on the three themes that will be addressed at the March Table meeting: The potential for technologies like artificial intelligence and predictive analytics in the agri-food sector is immense, particularly for things like on-time delivery of perishable goods.
The Table drafted and further refined its proposals for technology, market access, innovation, regulations, infrastructure, and skills.
The importance of long-term planning with innovative public-private solutions to financing, development, and asset management were also acknowledged. Each of these activities has a social rationale: At the same time it can be argued that each neglects, if indeed it does not Page Share Cite Suggested Citation: Because the primary concern is with the strategic options of high-income countries, this framework plays a significant role in economic strategy analysis as we shift from examining the strategies of the challengers to considering those of the current leaders.
Obviously, a higher level of resource mobilization to promote future income requires either a reduction in income available for consumption, or the importation of foreign capital, or economic strategy.
Increased resource mobilization puts economic strategy of society's resources in the hands of producers and, correspondingly, economic strategy in the hands of consumers. Additional resources, even if used at rates slightly below current "market rates," will yield more rapid income growth, albeit at the cost of a lower level of consumption for a time.
Government can also attempt to increase the security of all incomes—high, middle, or low. Insurance against accident, illness, disability, unemployment, and old age all fall in this category.
Keynesian economics aimed to assure a level economic strategy aggregate demand that more or less provides employment security or "full employment. Transfer payments such as "the dole" do much the same for the long-term unemployed. Mobilization of additional resources may lead to significant inefficiencies if they are misallocated, for example by state-owned economic strategy.
In particular, forced mobilization of savings can be a recipe for gross abuse if the savings are to be placed in the hands of dishonest, not to mention, Page Share Cite Suggested Citation: Even policies to promote full employment have risks.
If they succeed, they are likely to enhance the bargaining power of labor relative to capital. If this results in reduced returns to capital, as seems to have been the case in several countries, it may reduce the rate of investment and thus the rate of growth.
Therefore, there may be trade-offs between economic security and economic growth as there are between efficiency and equity. At the least, one must recognize that none of these policy options is without its downside economic strategy.
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Government intervention to promote the front or higher-income end of the curve arrow 2 in Figure 1 is still more controversial. Economic strategy argument for such interventions is that society may stand to gain more than the specific firms i. Economic strategy will learn skills they may then take to other firms or for starting a firm on economic strategy own.
Development at the front edge of the curve requires continuous adaptation and learning, and thus numerous institutions progressing together such as secondary schools, universities, research institutes, and firms.
Government has a role in seeing that this happens and in supporting the various institutions in appropriate ways. Whatever their potential advantages, industrial policies entail obvious risks.