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Essay / Charting a Path to Growth and Prosperity in Nova Scotia
Charting a Path to Growth and Prosperity in Nova ScotiaThrough the Economic Advisory Committee, Nova Scotia must control its own economic destiny and that of of the world economy. It must take a much more disciplined and strategic approach to taking advantage of new opportunities emerging in the global marketplace and the success of this government will be determined by its willingness to make the tough choices that can move Nova Scotia forward on this path. . .As I read through the Economic Advisory Committee, the problems and opportunities facing Nova Scotia are many. Even during the current recession, Nova Scotia has resorted to short-term stimulus spending to improve the situation caused by the recession, while other regions of the world, such as the Asian nation, have remained dominant. This may be due to the high savings factor that exists in the Far East. We must now focus on the long-term opportunities and challenges facing the province and the steps needed to improve the climate for growth in the province. As I read in the Economic Advisory Committee, here are some of the challenges facing the province: Increased competition from low-wage producers elsewhere and job losses in communities beyond Halifax, which has resulted in population loss, migration from rural to urban areas of the provinces and even migration to other regions of Canada and beyond. regional development programs in the 1990s and Nova Scotia's heavy reliance on federal spending. Nova Scotia's employment and trade have also been affected by the Mistime Lumber industry which benefited in the 1990s from the United States, but whose production declined in 2004 and the emergence of support in line affecting the sector. operations in ...... middle of paper ...... jobs that will require skills as jobs for basic jobs have been filled by ease of access and availability of technology e.g. calls, people can access the Internet for this information, or the purchase of goods and services can be done without human contact, for example one can go to the grocery store, pick up their items, scan them and pay for them in using his electronic card without having the contact of a cashier or a sales representative, therefore the jobs that will be in the market will require a lot of skills and knowledge and that is why improving education is the key to growth economy of Nova Scotia and the encouragement of young students to pursue numerous studies. in schools and reduce the dropout rate of children and I suggest that this be the priority because it is a long term strategy that will improve the production of human capital.