Summary:
This speech by Paul Jenkins was about repositioning the current Canadian economy to benefit Canadians in the long run which will be done with the support of monetary and fiscal stimulus. Having stated that, the main topic discussed was the “economic environment beyond repair”. For example, the economic landscape, public policy, and some challenges and opportunities that will pose for Canadian business. He went into great detail about the rotation of global demand as the solution to the imbalances of the financial crisis. Although, these estimates are uncertain looking ten years from now the economic landscape will be significantly different than it is today. So the government directs the public policy to shape the outcome to benefit everyone.
Connections:
The main connections I made with this article and from the text is that of gross domestic product, investment and of course macroeconomics. The speech was based on the overall economic landscape of
Reflection:
If you ask me, I really do think that Paul Jenkins is making the right decisions here because he’s looking ahead in the years to come and foreseeing what can become of what we have going on now. His analogy is logical and straightforward which benefits. Within, all the mess ups in the economy you do have to take the time to think about what is really going on in and read between the lines to figure an explanation and solution to the ongoing problems. And that’s exactly what he did. Also, putting in the role of public policy is not such a bad idea either. It keeps things together and consistent.
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