The Longest Decade: Introduction and Overview

Keith Banting, Andrew Sharpe () and France St-Hilaire
Additional contact information
Keith Banting: School of Public Policy Studies, Queen’s University
Andrew Sharpe: Centre for the Study of Living Standards, http://www.csls.ca/
France St-Hilaire: The Institutute for Research on Public Policy, http://www.irpp.org/

A chapter in The Review of Economic Performance and Social Progress 2001: The Longest Decade: Canada in the 1990s, 2001, vol. 1 from Centre for the Study of Living Standards

Abstract: The 1990s was a long decade in Canada. It was a period of transitions and turbulence, of seismic shifts in the Canadian economy and dramatic changes in many longstanding public programs. It was also a decade in which Canadians' attitudes toward their economic future and their expectations of government seemed to evolve in new and uncharted directions. The decade began with a deep, prolonged recession yet it ended with the return of strong economic growth. The basic structure of the Canadian economy was being reshaped by forces felt around the world, such as trade liberalization, globalization and technological change. The 1990s also saw major changes in public policy. Most importantly, the basic strategy guiding macroeconomic policy shifted dramatically. Monetary authorities adopted price stability as their primary objective, producing restrictive inflation targets and high interest rates compared to many other countries. Fiscal policy was also tightened sharply, as federal and provincial governments moved aggressively to eliminate longstanding deficits, mainly through deep cuts to public expenditures.

The purpose of this introduction is twofold. First, it provides a synthesis of what the editors see as the main themes that emerge from the different chapters, including a discussion of the implications for public policy and second, it provides a detailed overview of the main findings of all chapters in the volume. The chapters are written by leading experts in the field and provide more detailed views of specific dimensions of the economic and social developments of the 1990s. The chapters are organized into four sections dealing with basic concepts, the public view of economic and social trends, changes in key public policies, and the outcomes in terms of the economic, social and environmental record of the 1990s.

ISBN: 0-88645-190-6

Downloads: (external link)
http://www.csls.ca/repsp/1/01-introduction.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Ordering information: This item can be ordered from
http://www.csls.ca

Access Statistics for this chapter

More chapters in The Review of Economic Performance and Social Progress from Centre for the Study of Living Standards
Address: 111 Sparks Street, Ste. 500, Ottawa, ON K1P 5B5
Contact information at EDIRC.
Series data maintained by Jean-Francois Arsenault ().