Ontario’s economy is undergoing a period of rapid change. Twenty-first century globalization, urbanization, and technological transformation are challenging the status quo and redefining what it means to be competitive. Given these and other pressures, Ontario’s overall prosperity will increasingly depend on the strength of its regions. Yet, research demonstrates that population and economic growth have been remarkably imbalanced in recent decades, with growth rates in the Greater Golden Horseshoe and Ottawa far surpassing those in other areas of Ontario.
Albert Einstein once said that in the middle of difficulty lies opportunity.
That notion could represent a modern theory of relativity during a global pandemic. Because we have all faced hardship in different ways—and to varying degrees—since the spring.
As Canadians across the country work to regain a sense of normalcy, we know that things will never quite be the same. But that can be a good thing, because it provides a rare opportunity to truly hit reset—as an economy and as a society.
“Complacency is a state of mind that exists only in retrospective: it has to be shattered before being ascertained.”
– Vladimir Nabokov
As countries across the world continue to cope with the devastating impacts of the COVID-19 pandemic, necessary questions are being asked about how governments and the various multilateral and national institutions and organizations designed to prevent these kinds of outbreaks failed.
It will take time to untangle the myriad of geopolitical and governance failures behind the present condition, but it is hard not to see how complacency played a role in our collective pandemic prevention and preparedness.
Confronting the Gendered Economic Impacts of COVID-19 in Ontario
By Claudia Dessanti
Senior Policy Analyst, Ontario Chamber of Commerce