REVITALIZING NORTH AMERICA: A SHARED PROSPERITY AGENDA
The promise of the digital economy as a driver of economic growth is a reality and continues to grow in importance as global hyperconnectivity continues to expand. Nevertheless, geography has made a comeback as a central concern in economic policy design. The COVID-19 pandemic dislocated supply chains, while political factors, such as Russia’s aggression against Ukraine and tensions in East Asia, are spurring major systemic disruptions with unforeseen consequences. Globalization lives on even a
The promise of the digital economy as a driver of economic growth is a reality and continues to grow in importance as global hyperconnectivity continues to expand. Nevertheless, geography has made a comeback as a central concern in economic policy design. The COVID-19 pandemic dislocated supply chains, while political factors, such as Russia’s aggression against Ukraine and tensions in East Asia, are spurring major systemic disruptions with unforeseen consequences.
Globalization lives on even as we still struggle to manage challenges than many hoped had been resolved with the end of the Cold War.
North America, however, is ahead of the game in this complex scenario. The United States, Canada, and Mexico have worked together for nearly three decades based on the idea that prosperity, security, and, indeed, sovereignty, require solid domestic fundamentals, diversified global links, and close regional partnerships. The results have benefited all three economies and societies.