China is now exporting half of its auto products and Tata Industries of India has just announced that it will be producing a $2,500 car. China and India are now flexing their manufacturing muscles in autos, putting this bedrock of Ontario’s economy under pressure as never before.
There are many things that the government of Ontario can do to help manufacturing, but the most important long-term policy response is almost invisible in the public policy agenda – the necessity of creating the best-educated workforce in the world. The challenges of the 21st century will be met only by encouraging Canadians that the best single investment they can make is investing in their own brains.
Higher education was barely mentioned in the recent Ontario election. But the rest of the world notices what we do not notice. The Institute of Higher Education at Shanghai Jiao Tong University publishes the academic ranking of world universities. » Read more after the jump →