Coherent Identifier About this item: 20.500.12592/wqvrd1

Ontario 360 Transition Briefings 2022 - HOMEWARD BOUND: A RESHORING STRATEGY FOR ONTARIO

7 July 2022


Early in the pandemic, for instance, Premier Doug Ford said the following: “[We can no longer be] beholden to countries around the world for the safety and well-being of the people of Canada. [...] The former was the subject of significant attention in the immediacy of the pandemic. [...] If a government decides that it wants to establish domestic productive capacity, but the marginal production cost for a company is too high for such an investment to occur on a market basis, then the government can lower the production costs by subsidizing the construction of the facility or its ongoing operations. [...] Treasury Secretary Janet Yellen as the notion that “countries that espouse a common set of values on international trade … should trade and get the benefits of trade.” It seems to be gaining momentum as the default approach to the reshoring question for many countries.24 The Canadian government, for instance, has expressed support for working with the Biden Administration on these issues. [...] Saif Alnuweiri is an Economics and Policy Advisor in the Ontario Public Service and a graduate of the MPP program at the Munk School of Global Affairs and Public Policy at the University of Toronto.