Economic transformations through globalization and technology

NRU
Nov. 25, 2015

The Neptis Foundation recently released a report by Pamela Blais on how globalization and technology are transforming the Toronto region’s economic geography. Entitled, Planning For Prosperity: Globalization, Competitiveness and the Growth Plan for the Greater Golden Horseshoe, the report maps and analyzes the dynamics of long-term structural changes brought about by globalization and rapidly evolving technology in the GGH economy.

The study reveals a regional economic landscape characterized by concentrations of employment in downtown Toronto, three large suburban employment mega-zones and five suburban knowledge-intensive districts. Like downtown Toronto, theses mega-zones and districts contain a high proportion of core jobs in the tradeable sectors that draw income into the region and are important to innovation and competition.