The Hope Factor
- Jun 23, 2016
By Peter G. Hall, Vice-President and Chief Economist, Export Development Canada
"Where there is no vision, the people are unrestrained." So penned wise King Solomon millennia ago, and it's perhaps an apt adage for today's political climate. The post-recession period has seen significant political upheaval, aided by social media but fed by a groundswell of underlying frustration that we just can't seem to kick. Is it a new reality brought on by a confluence of multiple structural factors, or is it more of a passing fad?
The phenomenon is widespread, touching emerging and developed markets alike. For Canadians, likely the most visible manifestation of political mayhem is the US election. Restraints of the past have been flung aside, with candidates using radical rhetoric that verges on the incendiary at times, fights occurring at rallies, and policy statements that strike fear into the hearts of onlooking exporters. Brexit is also the issue du jour, with the lead-up to today's vote inflaming debate and eliciting
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