Nova Scotia economy needs urgent fix: report

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Metro, The Canadian Press

HALIFAX – Nova Scotia is doomed to endure an extended period of decline unless population and economic trends are reversed, says a report on economic development released Wednesday.

Acadia University president Ray Ivany, head of a five-member panel on Nova Scotia's economic recovery, releases their final report in Halifax on Wednesday, Feb. 12, 2014. The report presents 12 strategies promoting expanded immigration, enhanced research and development and revitalization of traditional rural industries. THE CANADIAN PRESS/Andrew Vaughan

The report, written by a five-member panel led by Acadia University president Ray Ivany, says the province’s economy is barely able to support its standard of living.

“The evidence is clear,” Ivany said in a statement. “Nova Scotia hovers on the brink of an extended period of decline.”

But Ivany said there is also reason to be optimistic, pointing to the province’s strong entrepreneurial class.

“There is a profound need for Nova Scotians to come together around a shared vision for a better future. We are not doomed to permanent have-not status. We have more than sufficient assets, resources and capabilities to turn things around in Nova Scotia.”

The report, called “Now or Never: An Urgent Call to Action,” came up with 12 strategies including expanded immigration, enhanced research and development and revitalization of traditional rural industries.

The commission was created by the NDP government in the fall of 2012. It involved 35 public meetings and also sought input through social media.

Organizations: Metro inc., Acadia University

Geographic location: Nova Scotia, Nova Scotians

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Recent comments

  • Garfield Forrest
    February 13, 2014 - 08:20

    Our new Liberal government has found a unique way of informing the voters of the province that they need not expect their government to do anything to improve their lives. They simply used an new approach, a tactic never attempted, province wide, They establish panel of liberal supporters at a cost of eight hundred thousand dollars to tell you the voters that you are responsible for the last twenty years of stagnation and decline in this province. The Liberals under McNeil insured the population that they had the answers during the last election campaign. Now that government has spent nearly a million dollars to tell us that they have no answers and even have the audacity to blame the voters not themselves for the problem. For the last fifty or more years the residents of this province have been treated like un-educated illiterate fools unable to accomplish anything. A concept that was reinforced by Liberal and Conservative government time after time. The people of Nova Scotia did not let the province down, they did not instil a sense of worthlessness in the population it was successive Liberal and Conservative governments that accomplished that deed. Now we have a new Liberal government who obviously are once again following the path of blaming the people and making excuses to clear themselves. Welcome back to the 1950s voters.

  • dave
    February 12, 2014 - 13:34

    the problem is we live in an ineptocracy and gave been for years. (in-ep-toc'-ra-cy) - a system of government where the least capable to lead are elected by the least capable of producing, and where the members of society least likely to sustain themselves or succeed, are rewarded with goods and services paid for by the confiscated wealth of a diminishing number of producers