BCBusiness

May 2015 Bye-Bye Alberta

With a mission to inform, empower, celebrate and advocate for British Columbia's current and aspiring business leaders, BCBusiness go behind the headlines and bring readers face to face with the key issues and people driving business in B.C.

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Yours, British Columbia Paul josePh (mIddle); IstoCk (rIght) maY 2015 BCBusiness 39 software development, and that's going to make a big difference over the next few years. In conclusion, dear neighbour, please allow us a baseball metaphor, since our wintertime soccer fields have now been converted to summertime ball diamonds (something that always happens this time of year just as your province is buried in spring blizzards). Let us be the first to admit that since forestry's semi-retirement, our economy has hit no home runs, or even a stand-up triple. Instead, we have strung together so many singles and doubles (along with the odd walk and a hit batter or two) that we're winning our share of games. Indeed, somehow we've turned into the unflappable middle sibling of Canadian provinces, producing reliable annual eco- nomic growth of between two and three per cent annually. We've also become the country's most diversified economy not only in the sense of depending on lots of different industries but because we no longer rely so heavily on the U.S. market, as most other provinces do. We send our stuff around the world. None of this has come easily, let us be the first to admit. There's a price to be paid when a dominant industry goes down, and we paid it in the form of several decades worth of slow growth and declin- ing incomes. Even today, beyond the boundaries of Metro Vancouver and northeastern B.C., the province remains a relatively poorer place than it was 35 years ago. Still, back in 1980, no one would have predicted that B.C. could endure a steep, long-term decline in its dominant indus- try and emerge a better place. What we're saying, Alberta, is that maybe it's time to make some lemonade. If you're look- ing for a recipe, you know who to call. ■ MANY EGGS, MANY BASKETS Tech, mining, film, ship building, education, green energy. These days, B.C. does it all

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