Commentator on the building of sustainable urban and national economies
Michael Darch has over 45 years of experience in technology management and economic development, primarily in C-level positions. His present interests include the increasing role that city regions play in national and international economies and the successful building of sustainable city economies in a complex and changing global environment. He was the founding President of the Consider Canada City Alliance (CCCA).
The combination of the North American Free Trade Agreement (NAFTA) and CETA gives all European companies, and in fact all foreign companies with a Canadian presence access to a market of nearly one billion consumers and a GDP of over US$35 trillion.
The situation in both the U.S. and the U.K. indicates disenchantment with conventional political elites. Donald Trump has been playing heavily to white voters who have seen an erosion of jobs, and for those with jobs, no real wage growth. Against this backdrop of polarization, political discontent, uncertainty and nationalism comes Canada.
Through concerted collaboration executed in a spirit of co-opetition, over the last three years 11 Canadian cities have executed seven joint Foreign Direct Investment (FDI) missions with the Federal government to 12 countries.
Through investment missions done in cooperation with Invest in Canada, the leading lights of Canada's economic development agencies have learned two clear lessons: First, the battleground for Foreign Direct Investment is at the city level; and second, the weapons employed are the relative strength of city ecosystems and talent.