U.S. President Calvin Coolidge said in 1925 that “The chief business of the American people is business,” a line often mis-quoted as “The business of America is business.” No Canadian prime minister has ever dared be so pro-business.
entrepreneurship
With a relatively weak Canadian economy, depressed commodity prices and the myriad of international economic issues (i.e. uncertainty in China), federal parties should offer solutions to the economic storm clouds on the horizon.
There’s increasing evidence of a relationship between entrepreneurship and age. Younger people are less risk-averse than older people, and more prone to question the status quo. These characteristics are fundamental to entrepreneurism. So how can government influence entrepreneurship to mitigate these demographic effects?
The United States continues to suffer from a historically weak economic recovery. Monthly GDP and employment numbers remain near anemic. From a historical perspective the economy should be roaring by now given the pronounced contraction in 2008.
A number of prominent Canadians, including Bank of Canada Governor Stephen Poloz, have raised concerns about the state of business start-ups and entrepreneurship in Canada. There is no question that entrepreneurship is critical to a well-functioning, prosperous economy.