The B.C. government91裸聊视频檚 post-pandemic economic recovery plan won91裸聊视频檛 be seen until this fall, after a round of consultations guided by an internationally-known economist who as being 91裸聊视频渙n a mission to save capitalism from itself.91裸聊视频�

B.C. needs clear missions to go with its new $500-million InBC investment fund, University College London professor Mariana Mazzucato said Wednesday, describing her role as an advisor to Jobs Minister Ravi Kahlon on reshaping B.C. to deal with the economic and climate shocks of the future. Kahlon describes that fund as a way to assist a 91裸聊视频渢riple bottom line91裸聊视频� approach to investing that includes social and environmental goals, which he calls 91裸聊视频減eople, planet, profits.91裸聊视频�

Doling out innovation money to a list of key industries like forestry, mining and technology and then measuring their growth isn91裸聊视频檛 the way to go, Mazzucato said. Developed countries had solid growth numbers in 2008 when a world financial and banking crisis struck, showing a need for a broader state role in steering the economy.

91裸聊视频淚nstead of looking at those sectors as a static list, it91裸聊视频檚 really the reverse,91裸聊视频� she said by video link from London. 91裸聊视频淭he question is, what are the problems? What are the problems around climate change? What are the problems around inequality? What are the problems around gender parity?91裸聊视频�

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Mazzucato91裸聊视频檚 long list of achievements has made her an international figure, advising Sweden, South Africa, Argentina, the United Nations and the World Health Organization, chairing its Council on the Economics of Health for All.

91裸聊视频淚t91裸聊视频檚 not enough just to have a public fund providing patient finance, as important as that is, unless it91裸聊视频檚 also a mission-oriented public fund, so that we91裸聊视频檙e providing patient, long-term finance to those actors and sectors in the economy that are willing to work with the government on achieving these goals,91裸聊视频� Mazzucato said.

Kahlon cited the NDP government91裸聊视频檚 project to reorganize B.C.91裸聊视频檚 forest industry as an example of Mazzucato91裸聊视频檚 91裸聊视频渂ottom-up91裸聊视频� approach to economic development. Long-term Crown forest tenures are being redistributed with a greater share for Indigenous land title holders and an effort to assist small-scale producers and new products.

Consultation on the wider economic recovery plan with business, labour and Indigenous leaders will extend through this summer and the plan is expected next fall, Kahlon said.

tfletcher@blackpress.ca
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