Alberta's economic reliance on its energy resources Term Paper

Albertas scotch reliance on its ability resources - Term Paper precedentIn 1991, the over wholly industry construction had risen to thirty six percent. In addition, Albertas energy companies have also been affected by downsizing among Albertas oil and gas firms. The positive watchword about the energy sector is that their balance sheets argon improving through debt reduction. Job insecurity is an another(prenominal)(prenominal) accompanimentor that is affecting Albertas economy2. According to a recent research, statistics show that one out of quartette Canadians is concerned with the increasing job security. This job insecurity concern extends to both the white collar and the begrimed collar achievementers, which in turn reduces economic recovery. More intense research about Albertas work eviscerate claims that Albertans are the most highly educated workforce in Canada. The research went ahead to queer that thirty eight percent of these individuals hold on the same job for o ver two historic period while the other percentage change jobs within the same period of time. Human resource capabilities are the most important factor that should arise to determine the long-term welfare of Albertas work force welfare. This paper will outline Albertas diversification progress and review other areas that are simmer down lagging behind that needs improvement. Summary This article presents how Albertas economy gradually evolved. ... Ideally, the article presents how these economic set backs are affecting the society and the government has embraced these facts because the government is trying hard to curb these issues. Albertas poor economic growth is mainly contributed by poor infrastructure because it is only through fitting infrastructure that the other economic sectors will open up. The best change to fix this problem is reconstructing all the necessary transportation roads. This will be possible if the concerned parties pile up pressure on the government to al locate a certain percentage of revenue to fix infrastructure. In contrast, the article Albertas perspective, seems to base its facts on the necessity of improving infrastructure because it is the gateway to the other economic developments. However, other alternatives are needed to col attentionate with infrastructure to improve Albertas economy. Most of Albertas economic sectors play on each other and that is why infrastructure alone cannot solve Albertas poor economy. For instance, tillage will depend infrastructure and marketing skills in order to venture into the market. Therefore despite the fact that the author is basing his facts on infrastructure, I believe that other alternatives are needed. Therefore, the government should act fast by forming a delegation that will discuss Albertas reforms like, taxation system, reduce government spending and alter Albertas energy global markets. Further, the supply of labor and the wage rate help determine the labor market equilibrium3. All of these strategies will only be a short term proposal mean on regaining back the economy. This is a temporal solution while