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How well-being can be incorporated into policymaking
One of the major challenges of policymaking is deciding where to allocate limited resources. These decisions not only impact how businesses start up and operate but they also affect how individuals live and work. However, a region’s goal of developing strong economies can be at odds with maintaining a healthy and equitable place to live. The Institute raises this challenge in its latest Working Paper, Looking beyond GDP: Measuring prosperity in Ontario.
Canada should look to ‘economic complexity’ to drive sustainable growth
In the wake of slow growth in the global economy, the federal government has appointed the Advisory Council on Economic Growth in March to help formulate a strategy for the Canadian economy. In addition to the primary focus areas it has currently outlined, the Council should look to another critical factor that could determine Canada’s long-term economic potential – economic complexity.