State of the World

This page is dedicated to the development of industries that create valuable goods and services. It is only one part of our broader Economic Policy.

Over the past 20 years, we believe Canada made a huge mistake during Globalization and the de-industrialization that followed. Ineffective policy allowed a slow decline in Canada's industrial capacity and instead promoted exporting raw materials and investing in unproductive real estate. This made our exports dependent on global demand for our raw materials and made life unaffordable for the majority of Canadians.

Instead of building new industries over the past 20 years, we let our existing industries die a slowl painful death

Today, the global economy is changing, there is a lot more uncertainty and a lot less stability worldwide. As a result many companies and countries are looking to de-globalize and reindustrialize domestically. This gives Canada a golden opportunity to make up for past mistakes.

We must not let this opportunity to advance our industries pass, we have fallen behind enough already

To do so, we must recognize our strengths and our weakness then target our efforts towards building up the most suitable industries.

Our Strengths

1. There's a lot of empty land for manufacturing and other physical industries

2. Canada is rich in natural resources and energy sources

3. Canadian labour is highly educated with s

   kills capable of competing with advanced industrial nations

4. Canada is a desirable country for immigrants which allows to attract talent from across the world

   
   

Our Weaknesses

1. The weather is a mess throughout the year which adds transport costs and uncertainties

   
   

2. Canadian labour is pricey so we can't compete with low cost manufacturers like Mexico or Vietnam

3. Canada is sparsely populated so we have a relatively small workforce and domestic market

4. Our population centers are far apart

5. Unlike the huge economies of the USA, the European Union, and China, we cannot afford to give out extremely generous subsidies to the same industries they target

   
   

Target Industries

The key industries we have identified that play to Canada's strength and account for its weaknesses are:

1. Information and Technology since it does not rely on high population density

   • We already have multiple leading tech hubs but there is room for improvement

2. Mining and Refining

   Rare Earth Elements,

   Lithium, and Uranium to name a few and the industrial clusters that can be built around them

3. Material science that can make the most use out of Alberta's oil and gas in a world that is relying on them less as an energy source

4. High value, low volume manufacturing. Given our weaknesses, targeting low value or high volume goods would be misguided. Instead more complex and higher value products should be our target. For example:

   1. Complex components

   2. Specialized machinery

5. Biotech like

   1. Pharmaceutical manufacturing base, a necessity

   2. Vertical farming, to make life up north more bearable and self-sustaining

How to Jumpstart Them

In addition to the other policies that form our big picture economic policy, we will:

1. Identify and reduce barriers to starting new business in general

2. Offer a mix of grants and cheap loans to promising business ventures

3. Expand and streamline our startup incubators and accelerator programs

4. Reduce the red tape surrounding foreign investments that do not affect national security