Read & Share at www.4FrontAtlantic.com
September 23, 2011
What: 4Front Atlantic Conference Update
When: Friday, October 7, 2011, 7:45am-5:00pm
Where: Pier 21 Canadian Museum of Immigration, Halifax, Nova Scotia
Visit Read and Share at www.4FrontAtlantic.com for new posts and materials to inform the critical discussion on Atlantic Canada’s future. Read, comment and share the information with your followers, friends and colleagues.
The first piece is a presentation developed by the Honourable Kevin G. Lynch, P.C., Vice-Chair, BMO Financial Group.
The international economic geography is shifting to Asia and other dynamic emerging economies. The demographics of aging are creating a global talent hunt. The digital universe is transforming what markets mean and how social interaction and communication take place. The cumulative impact of the financial crisis, environment disasters, weak corporate governance, and many others has been a dramatic decline in trust in leadership, whether that is political, corporate, regulatory and moral. Competitive firms are increasingly defined by their ability to shape market tastes and create innovative products that disrupt markets. What is emerging is a new multi-polar world, where economic power is being dramatically redistributed and political, military and intellectual power will follow.
The economics of the new global normal are slow and volatile recoveries in advanced economies, many with large fiscal burdens and recovering financial systems, and rapid growth in dynamic emerging economies, most with relatively stable financial systems and fiscal positions but inflation pressures and income inequality challenges. The risks are the political inability of countries like the U.S. to deal with their fiscal problems, the unwillingness of Europe to confront its policy inconsistencies and the reluctance of countries like China to address its consumption-saving-export imbalances. There are large “tail risks” in this new global normal.
The 4Front Atlantic Conference is a forward-looking, business sector led conference, focused on leveraging our competitive advantages, developing new markets, and enhancing the value of products and services businesses in Atlantic Canada sell abroad. In short, the conference is about mobilizing for change and competing differently in order to be at the forefront of success in the new global economy.
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