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Import Replacement – PEI Social Forum
A recently concluded study by the Centre for Local Prosperity (CLP) revealed that four out of every ten dollars spent in Atlantic Canada leaves the region, resulting in a trade deficit of over $11 billion. While this trade imbalance is potentially harmful to local communities, it also signifies an opportunity for import replacement. The CLP study estimates that a 10% shift in the four Atlantic provinces towards local goods and services would create more than 43,000 new jobs, $2.6 billion in wages, and $219 million in tax revenue. We will discuss how to implement an Import Replacement Strategy on PEI as a model for transforming from a global, ‘Trickle Down,’ economy to a sustainable, prosperous and resilient “Local Economy.”
For more information on any of the upcoming social forums please email the Institute of Bioregional Studies at email@example.com.
The calendar of events is supported by the Rural Policy Learning Commons (RPLC). For more information on RPLC visit www.rplc-capr.ca.