Sustained rapid economic growth following the Second World War meant that it was expected that successive generations of Canadians would achieve a higher standard of living that the previous one. It is a reflection of how ingrained pessimism about economic growth has become among both young and old  that they have come to believe that […]

As St. Petersburg prepares to host the leaders of the world’s most important economies at the annual G20 summit, financial headlines are full of worry about the “rout” in emerging markets and the emerging markets bubble popping.  The optimism of 2009 and 2010 that growth in developing countries would make up for sluggish prospects in […]