The global economy is undergoing what appears to be the finance equivalent of a heart attack, the circulatory system of credit now frozen. The policy response looks like shock therapy. $700 billion in public bailouts (or is that ‘investment’) hanging in the balance, $630 billion in new money being printed by the Federal Reserve together with central banks around the world and sudden and frightening drops in global stock markets. Meanwhile, news that talks on Canada-EU economic integration are due to begin mere days after the Canadian federal election has gone largely unnoticed. It is clear that we are not living in normal times.
How will this instability in the system affect citizens and businesses in the places they call home? Even before the Wall Street meltdown, Ontario’s local and regional economies were under stress and changing rapidly. The current crisis appears likely to accelerate and exacerbate these changes.
It is said that all politics are local. What about economies?
Dan Dunsky, Executive Producer of TVO’s The Agenda with Steve Paikin, believes that we need to think about Ontario’s economies in the plural and his team has identified that major sectors of Ontario’s economy correspond to our geographic landscape and its people in specific places. How do these places and people adapt to global forces that are largely outside of their control? How can we get ahead of the change curve and make our regions more resilient and adaptable to accelerating change?
To tackle this critically important question about our future well-being, TVO is launching an innovative new project that brings together collaborative events and social media together with premier broadcast journalism and expert inquiry. I am advising and supporting TVO for this project, “The Agenda with Steve Paikin: on the Road” & AgendaCamp.
We’re looking for participants – like you. More after the jump…