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" we remain very concerned about the continuing instability of the global economy of which we are a part "That further means two things: making better economic choices now and preparing ourselves now for the demographic pressures the Canadian economy faces. On what we must do now, first, we will, of course, continue to keep tax rates down. That is central to our Government's economic vision.  But we will do more, much more. In the months to come our Government will undertake major transformations to position Canada for growth over the next generation. For example, we will continue to make the key investments in science and technology necessary to sustain a modern competitive economy.  But we believe that Canada's less than optimal results for those investments is a significant problem for our country.We have recently received a report on this - the Jenkins Report - and we will soon act on the problems the report identifies. We will continue to advance our trade linkages. We will pass agreements signed, particularly in our own hemisphere, and we will work to conclude major deals beyond it. We expect to complete negotiations on a Canada-EU free trade agreement this year.  We will work to complete negotiations on a free trade agreement with India in 2013.  And we will begin entry talks with the Trans-Pacific Partnership, while also pursuing other avenues to advance our trade with Asia. Of course, I will again be making an official visit to China very shortly.We will also continue working with the Obama administration to implement our joint "Beyond the Border" initiative - our plan to strengthen and deepen our economic and security links to our most important partner. However, at the same time, we will make it a national priority to ensure we have the capacity to export our energy products beyond the United States and specifically to Asia.  In this regard, we will soon take action to ensure that major energy and mining projects are not subject to unnecessary regulatory delays - that is, delay merely for the sake of delay.This complements work we are already doing, and that we will move forward on, with the Canadian Federation of Independent Business to cut the burden of red tape on entrepreneurs. We will also undertake significant reform of our immigration system. We will ensure that, while we respect our humanitarian obligations and family reunification objectives, we make our economic and labour force needs the central goal of our immigration efforts in the future.As I said earlier, one of the backdrops for my concerns is Canada's ageing population. If not addressed promptly this has the capacity to undermine Canada's economic position, and for that matter, that of all western nations, well beyond the current economic crises. Immigration does help us address that and will even more so in the future. Our demographics also constitute a threat to the social programmes and services that Canadians cherish. For this reason, we will be taking measures in the coming months, not just to return to a balanced budget in the medium term, but also to ensure the sustainability of our social programmes and fiscal position over the next generation.Let me summarise by saying that, notwithstanding Canada's many advantages, we remain very concerned about the continuing instability of the global economy of which we are a part. The problems afflicting Europe, and for that matter, the United States, are not only challenging today but, in my judgement, threaten to be even greater problems in the future.Having said that, each nation has a choice to make. Western nations, in particular, face a choice of whether to create the conditions for growth and prosperity, or to risk long-term economic decline.  In every decision, or failure to decide we are choosing our future right now.And, as we all know, both from the global crises of the past few years and from past experience in our own countries, easy choices now mean fewer choices later. Canada's choice will be, with clarity and urgency, to seize and to master our future, to be a model of confidence, growth, and prosperity in the 21st century. nThese remarks by Prime Minister Stephen Harper are excerpted from his speech at the World Economic Forum in Davos, Switzerland, on 26 January 2012.Picture: Richard Lewis, Crown Copyrightg-20 members 029

Economic Growth 2.0W hen I was born, we were 3 billion people on this planet. A child born today is one of seven billion and by the time this child will turn 18 in 2030 more than three billion more people will have entered the middle class. This can be good news, but not if we continue business as usual: the world will need at least 50 per cent more food, 45 per cent more energy and 30 per cent more water by then. But a child born today will see supplies of natural resources diminish and prices go up by then; and it will increasingly feel the consequences of climate change. These are the challenges we address in the new report of the Global Sustainability Panel, of which I had the honour of being a member. UN Secretary-General Ban Ki-moon launched this Panel and invited us to prepare a long-term vision in view of the Rio+20 sustainable development conference in June in Brazil. And our recommendation is clear: only a sustainable growth model can ensure a decent life in the 21st century for the children born today. We have named the report ''A Future Worth Choosing". And we still have a choice: instead of going on with the costly business as usual, we can invest now in a smarter, greener future. We all want a world where the economy grows while environmental and social impacts diminish and the climate is protected. Of course, as the world recovers from the financial crisis, our focus is on growth and jobs. But which kind of growth and which kind of jobs? Restructuring is unavoidable, so why not choose a path that makes long-term sense; " We all want a world where the economy grows while environmental and social impacts diminish and the climate is protected "Connie Hedegaard, EU Commissioner for Climate Actiona path that replaces overuse with sustainability?Anyone can see that we cannot deal with the challenges of the 21st century with a growth model from the 19th and 20th century. But a new mindset is emerging. Since 2004, one trillion dollar was invested in clean energy globally, according to a recent study. This market is set to double, or even triple between 2010 and the end of this decade. In Europe alone, more than 300,000 new jobs were created in the renewables sector in just five years; and it is estimated that meeting the EU's 2020 climate and energy goals would result in another 1.5 million new jobs.Many good ideas are already out there. Businesses do not need telling that resource efficiency means business. Procter and Gamble introduced a detergent designed to work in cold water and thereby reducing the amount of energy needed to wash clothes. The Danish shipping giant Maersk aims to cut energy consumption by half thanks to new, bigger container ships and reduced sailing speeds; and Umicore reckons almost 100 per cent of the precious metals it uses for its production have been retrieved from secondary materials. It pays off to be resource-efficient, as these few examples show. The good news is that going sustainable does not have to happen at the expense of economic growth. Going sustainable is about maintaining and improving our quality of life while ensuring pollution does not undermine economic growth. It is about more intelligent ways of producing, and it is about smarter cities with cleaner air and less pollution, less noise and less congestion. It is about building Credit © European Union, 2012030 g-20 members