NOVA SCOTIA MUST COMPETE ON A GLOBAL LEVEL. AND THAT MEANS NOT ONLY SUPPORTING OUR LOCAL ECONOMY, BUT ALSO INCREASING EXPORTS FROM OUR PROVINCE TO PEOPLE AROUND THE WORLD.
The key to increasing exports and economic growth is global competitiveness, without the aid of a weak currency. This durable form of competitiveness depends on a combination of innovation, to make one’s product more attractive, and productivity, to make it more cost-efficiently. This is how the interrelated phenomena of globalization, innovation, and competitiveness lead to durable economic prosperity, which is a precondition for improved standards of living, including the availability of educational, health, and social services that are otherwise threatened by a stagnant economy and an aging population.