How the mighty are falling. Resilience was a word used liberally to boast of the BRICS countries' staying power in the post-crisis period. Many even ascribed global-growth-engine status to these rising powerhouses. But 2013 has been a second tough year for the August group, even as OECD nations are steadily returning to growth.
There are a number of human financial gurus working to help you become wealthy, and their advice is based on years if not decades of knowledge and experience. However, there are a number of microbial economic geniuses who have centuries of expertise developing "economic" success. Germs seem to have knowledge to keep economies solid.
These flows provide us with access to key resources, fast-growing markets and allow for production systems that are better aligned to country or regional economic attributes owing to the efficiencies of global supply chains. As such, it is essential to keep a close eye on global investment movements. What can we say about recent activity?
There's a sour seasonality that has become entrenched in recent global economics. In the past few years, summer has become a disarmingly punctual momentum-killer of global production. Perhaps the most critical question in EDC's Summer 2013 Global Export Forecast is whether we are in for yet another summer drubbing, or whether this is the year we break with that sorry tradition.
When we talk about foreign ownership of Canadian resources, it's nothing to do with economics or ideology. This is about street smarts. The foreign buyout of resource, infrastructure and agricultural corporations simply has to stop. Canada must state clearly that all of its resource-related and infrastructure assets and corporations must be Canadian-owned and controlled and that no single foreign entity can own more than 10 per cent, or we'll all regret it.
Currently, half of the Great Bear Rainforest remains open to logging. The recommendation to set aside 70 per cent of the natural old-growth forest has yet to be implemented. It's not just in BC, but globally that many agreements to protect the earth must be realized. Hopefully, at the Earth Summit in Rio, Canada can lead the way.
I'm not surprised to find out that Canada is promoting the tar sands at the Rio+20 conference on sustainable development and the environment, after all, they have a long and marked history of using these conferences to promote and defend the image of the tar sands abroad. It might not be surprising, but that doesn't mean it isn't wrong.
With the loonie near parity, transportation costs climbing and protectionist trade provisions on the table in Washington, Canadian businesses can be f...