In August, I compared the coverage of the Republican nominee for president of the United States to Stranger Things, the Netflix show about a dark and dangerous parallel universe called “the Upside Down.” And now here we are, in the Upside Down. Nobel laureate Michael Spence calls it the “old normal”—a place where crude national self-interest will be the basis for everything governments do. That won’t necessarily be disastrous. But don’t let anyone tell you that he or she knows what Donald Trump, the Brexiteers, Indian Prime Minister Narendra Modi or other ascendent nationalists have in store. There is no playbook for this new–old world order.
Unfortunately, all of this has come at the end of a calendar year, when irresistible forces compel people like me to say something about the 12 months to come. Canada has endured consecutive years of some of the weakest growth on record. Might things change for the better in 2017? There is reason to think so. It will depend on the extent to which entrepreneurial atrophy has set in.
Continue reading at Canadian Business ...