Global Economy, Competitiveness, Government Policy, Operations, Supply Chain
With its Plan Nord, the Quebec government has committed to generating CAD 80 billion in investment over 25 years in the north of the province, including several billion public dollars to build core infrastructure and improve local socioeconomic conditions. The area’s resources include 75,000 square miles of commercial forest; vast hydroelectric, wind, and solar power potential; unspoiled landscapes and wildlife to sustain tourism; and important mineral resources—including rare earth elements.
If the headline read “Surveys Show Students Not Challenged in School” you’d hear most Americans mutter in unison a discouraged “Well, duh!” Would the reaction be different if the crawl on the evening news said “Kids Know They’re Not Learning Anything in School”?
Global Economy, Economic Environment, Recession, Money & Finance, Currency
The EU summit held in late June produced two breakthroughs. First, the European Financial Stability Facility (EFSF) and its successor, the European Stability Mechanism (ESM), are to directly fund shaky banks. Second, requirements were relaxed for EFSF/ESM to engage in bond purchases of troubled sovereigns. These steps are significant in that they address immediate needs (a liquidity provision, support for banks) as opposed to long-term solutions (fiscal adjustment, institutional change).
With this morning’s release of the labor market report for June, the analytical spotlight shifts somewhat from structural labor market challenges, partially manifested in widely different employment prospects among age and educational
Two major Latin America countries—Brazil and Argentina—are both suffering the consequences of diminishing competitiveness in the industrial sector and lower demand for exports in general, according to a new report.
Global Economy, Competitiveness, Government Policy
On July 1, 2012, Mexicans will elect a new president after two consecutive six-year terms under the ruling of the National Action Party (PAN), first with Vicente Fox and now Felipe Calderón. The latest polls show the candidate for the Institutional Revolutionary Party (PRI), Enrique Peña Nieto, leading by more than 10 points, followed by Andrés Manuel López Obrador (AMLO) from the Party of the Democratic Revolution (PRD) and Josefina Vázquez Mota from the PAN. Before the PAN took power in 2000, the PRI ruled Mexico for 71 straight years.