Keeping Our Eyes Open

Authors

  • David Walker

Keywords:

Consistent Growth in Trade, Utilization of the International Markets, Implementation of the structural change, Specialization in Highly-Skilled Manufacturing Industry, Continuous Adaptation

Abstract

Over the years, the world economy had been facing fierce competition in both developed and developing countries. In order to promote long term economic advance and prosperity, consistent growth in trade was necessary. Utilization of the international markets was essential along with the implementation of the structural change in the economy. Given that Canada has had a strong resource sector, specialization in the highly-skilled manufacturing industry which requires sufficient resources and technologies was considered suitable for the country. It is important to be open to continuous adaptation in regards to economic development strategies instead of being stagnated with outdated structures.

Author Biography

David Walker

Professor David Walker has been closely involved with Canada's industrial development for over 20 years. He was Director of the Economic Development Program of the University of Waterloo from its inception for many years and has a close connection to the new, upcoming M.A.E.S. in industrial development there. Holder of a B.Sc. (Economics) from the London School of Economics and M.A. and Ph.D. from the University of Toronto, David has this year seen two books published - "Industrial Location" (Blackwell's) and an edited volume, "Manufacturing in Kitchener - Waterloo: A Longterm Perspective", (University of Waterloo, Department of Geography).

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Published

2020-11-18

How to Cite

Walker, D. (2020). Keeping Our Eyes Open. Economic Development Journal of Canada, 39–42. Retrieved from https://ecdev.journals.yorku.ca/index.php/default/article/view/111

Issue

OIDC Journal, Winter 1988

Section

Articles

License

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

All content published in the Economic Development Journal of Canada is available under a Creative Commons Attribution Attribution (CC BY) International 4.0 license. The journal owns copyright for all works published prior to June 2020. The author(s) retain copyright for all works published after June 2020.