Topic > Shaping a Path for Growth and Prosperity in Nova Scotia

Shaping a Path for Growth and Prosperity in Nova Scotia Through the Economic Advisory Committee, Nova Scotia must control its own economic destiny and in the global economy. It must take a much more disciplined and strategic approach to exploit new opportunities emerging in the global marketplace, and this government's success will be determined by its willingness to make the tough choices that can move Nova Scotia along this path. As I read in the Economic Advisory Committee, the problems and opportunities Nova Scotia faced are numbers. Even during the current recession, Nova Scotia has used short-term spending stimuli to improve the situation caused by the recession and yet other areas of the world, such as the Asian nation, have remained dominant. This may be due to the high savings factor present in the Far East. We must now focus on the long-term opportunities and challenges facing the province and the steps needed to improve the growth climate in the province. As I read in the economic advisory committee, these are some of the challenges the province faces: Increased competition from low-wage producers elsewhere and job losses in communities beyond Halifax, which have resulted in population loss, migration from rural to urban areas of the provinces and even migration to other parts of Canada and beyond. Lack of government funding in regional development programs in the 1990s and Nova Scotia's high dependence on federal spending. Nova Scotia's employment and trade have also been affected by the Mistime lumber industry which benefited in the 1990s from the United States but production declined in 2004 and the emergence of online support affected operations in . .. ... middle of paper ...... jobs that will require skills as employment for entry-level jobs has been taken over by easy access and availability of technology, for example call centers, people can access Internet for such information, or the purchase of goods and services can be provided without the need for human contact, for example you can go to the supermarket, pick up your items, scan them and pay for them using your electronic card without having the contact of a cashier or a sales representative so that they can the jobs that will be on the market will require a lot of skills and knowledge and that is why improving education is critical to Nova Scotia's economic growth and to encouraging young students to pursue high in schools and reduce the turnover of children dropping out of school and I suggest that this is the priority as it is a long term strategy and will improve the production of human capital.