Making economic development work

One of the greatest challenges confronting governments today is making economic development work.

Over the past decade, global competition has dramatically accelerated, overtaking entire markets and in virtually every industry, large and small companies alike now struggle with the hard realities of integration into a competitive global value chain.

Not every company will succeed. If history is any guide, most organizations will fail to meet expectations.

Although the private sector will be at the center of driving growth and creating jobs, government has an irreducible role in supporting economic development.  It takes funding to create a dedicated innovative executive team and sufficient capital to rethink the value propositions of the provincial product and service portfolio. And at the outset, a specific set of management practices and organizational structure underpin that potential.

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