The demographic storm clouds have been gathering for some time. No one should say we did not have... more The demographic storm clouds have been gathering for some time. No one should say we did not have sufficient advance warning of the gathering storm. Everyone should conclude that we did not act in a proactive and purposeful manner in order to avert the disastrous consequences of this perfect demographic storm. Despite the silver lining in the 2011 census data, the sun has not broken through the clouds on the New Brunswick demographic landscape. This paper analyzes New Brunswick's demographic antecedents and proposes a proactive strategic plan for New Brunswick's sustainable demographic future. Résumé Les nuages de la tempête démographique se sont accumulés depuis quelque temps. Personne ne peut prétendre ne pas avoir été prévenu que la tempête arrivait. Nous devons tous conclure que nous n'avons pas agi de manière proactive et ciblée afin d'éviter les conséquences désastreuses de cette tempête démographique parfaite. Malgré une certaine lueur d'espoir qui pointe ...
Internetization is a new word and concept that has gained currency with the advent of the new glo... more Internetization is a new word and concept that has gained currency with the advent of the new global economy of the 21st century. Prior to the ascendance of internetization, economists had embraced the term globalization to describe the operational parameters of the new economy. The problem with the word globalization is that it is neither a new concept nor is it an appropriate descriptive for the contemporary transformational change precipitated by the spectacular technological inventions on the international economic landscape. The new word, internetization, describes more succinctly the transformative powers of the world wide web and the electronic information highway on the evolving dynamics of interconnectivity for the new global economy of the 21st century. Indeed, internetization captures the pervasive influence of technological change and electronic innovations on the global economy and all aspects of human endeavor for our civil society in the 21st century.
Full employment remains an economic mirage and an elusive destination for most countries. The asc... more Full employment remains an economic mirage and an elusive destination for most countries. The ascendance of the new global economy of the 21st century has revealed the economic governance fault lines and the need to redirect the scope and substance of economic policy. This has been accentuated by the cataclysmic trifecta of the first three decades of the 21st century. Human capital has emerged as the driver for the new economy in the creation of the wealth of nations. In effect, the paradigm for the creation of economic growth has shifted from the resources under our feet to the brain power between our ears. This policy brief concludes by proposing a new institution of economic governance whose overarching mandate is to achieve full employment.
ducing and tourism areas, including in nearby Sonoma county as well as in the coastal regions bet... more ducing and tourism areas, including in nearby Sonoma county as well as in the coastal regions between San Francisco and Los Angeles, and the growing tensions in an area marked by high-priced housing and low-wage workers. A peak 6,000 farm workers are employed during the September harvest, when another 7,000 workers are employed in wineries. Wages are higher than average in the Napa valley, but housing costs are also higher than in other agricultural areas, and many workers complain they are not much better off in Napa unless they sleep in their cars or camp along the Napa river. When local activists threatened to picket wineries to call attention to the lack of affordable housing, or to close the major highway through the valley in peak tourist season, Napa leaders acted, getting a state law approved that allows vineyards to assess themselves $7.66 an acre to subsidize farm worker housing about $300,000 was generated in 2002. Napa leaders went further to create more farm worker hous...
This policy brief explores the challenges and opportunities congruent with the advent of internet... more This policy brief explores the challenges and opportunities congruent with the advent of internetization on the democratic landscape. Internetization is a new word that I have coined to describe our contemporary empowerment through global outreach and electronic connectivity. There is no denying that the 21 st century has precipitated profound structural change and empowered democracy through digital capacity and electronic connectivity. This paper analyzes the impact of internetization on e-democracy, social media, civics education, non-governmental organizations and global outreach. It also addresses the consequences of internetization on cybersecurity threats, election tampering and the contemporary challenges associated with electronic voting. This policy brief concludes with a set of recommendations embracing a new governance architecture, adapting the machinery of governance to electronic capacity and a strategic list of public policy initiatives directed to enhance the role ...
This paper explores the new frontiers and evolving transformation of macroeconomics in the 21st c... more This paper explores the new frontiers and evolving transformation of macroeconomics in the 21st century. It confronts the challenges and underlines the opportunities during the decades ahead. The context of this transformation in macroeconomics will be dictated by the realities of the new global economy. The new economy is comprised of a trilogy of interactive forces that include globalization, trade liberalization and the information technology and communications revolution. Globalization has melted national borders and redefined macroeconomic policy. Free trade has enhanced economic integration and extended the macroeconomic architecture. The information and communications revolution has made geography and time irrelevant and enhanced the reach of macroeconomic parameters. The 21st century will lead to a rediscovery of Schumpeterian theory. Indeed, the pivotal role that Schumpeter assigned to entrepreneurship and innovation will underline the relevance of his economic theories and...
Journal of Comparative International Management, 2006
The new global economy of the twenty-first century has transformed the economic, social, educatio... more The new global economy of the twenty-first century has transformed the economic, social, educational and political landscape in a profound and indelible manner. It is composed of a trilogy of interactive forces that include globalization, trade liberalization and the information technology and communications revolution. Globalization has melted national borders, free trade has enhanced economic integration and the information and communications revolution has made geography and time irrelevant. The role and functions of entrepreneurship in the new global economy have taken on added significance and face compounded challenges. We live in a challenging environment of rapidly changing economic events, where the private sector has become the most important engine of economic growth and the public sector has shrunk in importance and influence. Entrepreneurs are defining the new rules of engagement on the economic landscape as they come to grips with contemporary challenges and new opport...
Journal of Comparative International Management, 2011
The mission and mandate of economic governance and its accompanying institutional architecture re... more The mission and mandate of economic governance and its accompanying institutional architecture requires realignment in order to conform to the realities of the new global economy of the 21st century. Two recent economic events, the emergence of the new economy and the aftermath of the financial crisis of 2008, have become the defining milestones which precipitated the need for a new vision and a new direction for the financial governance. The new global economy of the 21st century is composed of a trilogy of interactive forces that include globalization, trade liberalization and the information technology and communications revolution. The aftermath of the financial crisis has precipitated a more interventionist role for government and has laid the foundations for new institutional and regulatory structures that will impact on the financial landscape of the 21st century. This paper explores the future architectural governance landscape for the financial industry and the scope and su...
The demographic storm clouds have been gathering for some time. No one should say we did not have... more The demographic storm clouds have been gathering for some time. No one should say we did not have sufficient advance warning of the gathering storm. Everyone should conclude that we did not act in a proactive and purposeful manner in order to avert the disastrous consequences of this perfect demographic storm. Despite the silver lining in the 2011 census data, the sun has not broken through the clouds on the New Brunswick demographic landscape. This paper analyzes New Brunswick’s demographic antecedents and proposes a proactive strategic plan for New Brunswick’s sustainable demographic future Resume Les nuages de la tempete demographique se sont accumules depuis quelque temps. Personne ne peut pretendre ne pas avoir ete prevenu que la tempete arrivait. Nous devons tous conclure que nous n’avons pas agi de maniere proactive et ciblee afin d’eviter les consequences desastreuses de cette tempete demographique parfaite. Malgre une certaine lueur d'espoir qui pointe des donnees du re...
This research endeavour attempts a critical appraisal of the scope and substance of Canada's ... more This research endeavour attempts a critical appraisal of the scope and substance of Canada's immigration policy and program. In a preparatory effort I review the contribution of major economists towards the development of a comprehensive theory of international migration. I conclude that the economic parameters of immigration theory have been a sadly neglected dimension within the historical evolution of mainstream economic theory. In the absence of a conceptual framework for immigration within mainstream economic theory countries of immigration have resorted to short term immigration policies in the reactive mold that are essentially an immediate crises management of demographic factors and labour market requirements. My research analyses the concepts of carrying capacity, optimum population size, absorptive capacity and defines the economic parameters of the immigration process through the selective use of Buchanan's theory of clubs. A historical review of Canada's imm...
Successfully navigating the public policy landscape of the 21st century is becoming an essential ... more Successfully navigating the public policy landscape of the 21st century is becoming an essential pre-requisite for businesses operating in a national and global environment. Public policy plays a key element in defining the operational parameters within which businesses can succeed or fail. The reason being that in the process of formulating and implementing their public policy response to the contemporary hot button issues, governments are also defining the microeconomic landscape and shaping the business environment within which businesses operate. The global financial crisis of 2008 triggered the Great Recession. The financial contagion effect impacted severely on national and multinational corporations, most national economies, triggered massive unemployment, created social tensions and revealed the limitations of the contemporary economic governance architecture. The public policy dilemma faced by most countries has been textured by two cataclysmic events- the global financial ...
The demographic storm clouds have been gathering for some time. No one should say we did not have... more The demographic storm clouds have been gathering for some time. No one should say we did not have sufficient advance warning of the gathering storm. Everyone should conclude that we did not act in a proactive and purposeful manner in order to avert the disastrous consequences of this perfect demographic storm. Despite the silver lining in the 2011 census data, the sun has not broken through the clouds on the New Brunswick demographic landscape. This paper analyzes New Brunswick's demographic antecedents and proposes a proactive strategic plan for New Brunswick's sustainable demographic future. Résumé Les nuages de la tempête démographique se sont accumulés depuis quelque temps. Personne ne peut prétendre ne pas avoir été prévenu que la tempête arrivait. Nous devons tous conclure que nous n'avons pas agi de manière proactive et ciblée afin d'éviter les conséquences désastreuses de cette tempête démographique parfaite. Malgré une certaine lueur d'espoir qui pointe ...
Internetization is a new word and concept that has gained currency with the advent of the new glo... more Internetization is a new word and concept that has gained currency with the advent of the new global economy of the 21st century. Prior to the ascendance of internetization, economists had embraced the term globalization to describe the operational parameters of the new economy. The problem with the word globalization is that it is neither a new concept nor is it an appropriate descriptive for the contemporary transformational change precipitated by the spectacular technological inventions on the international economic landscape. The new word, internetization, describes more succinctly the transformative powers of the world wide web and the electronic information highway on the evolving dynamics of interconnectivity for the new global economy of the 21st century. Indeed, internetization captures the pervasive influence of technological change and electronic innovations on the global economy and all aspects of human endeavor for our civil society in the 21st century.
Full employment remains an economic mirage and an elusive destination for most countries. The asc... more Full employment remains an economic mirage and an elusive destination for most countries. The ascendance of the new global economy of the 21st century has revealed the economic governance fault lines and the need to redirect the scope and substance of economic policy. This has been accentuated by the cataclysmic trifecta of the first three decades of the 21st century. Human capital has emerged as the driver for the new economy in the creation of the wealth of nations. In effect, the paradigm for the creation of economic growth has shifted from the resources under our feet to the brain power between our ears. This policy brief concludes by proposing a new institution of economic governance whose overarching mandate is to achieve full employment.
ducing and tourism areas, including in nearby Sonoma county as well as in the coastal regions bet... more ducing and tourism areas, including in nearby Sonoma county as well as in the coastal regions between San Francisco and Los Angeles, and the growing tensions in an area marked by high-priced housing and low-wage workers. A peak 6,000 farm workers are employed during the September harvest, when another 7,000 workers are employed in wineries. Wages are higher than average in the Napa valley, but housing costs are also higher than in other agricultural areas, and many workers complain they are not much better off in Napa unless they sleep in their cars or camp along the Napa river. When local activists threatened to picket wineries to call attention to the lack of affordable housing, or to close the major highway through the valley in peak tourist season, Napa leaders acted, getting a state law approved that allows vineyards to assess themselves $7.66 an acre to subsidize farm worker housing about $300,000 was generated in 2002. Napa leaders went further to create more farm worker hous...
This policy brief explores the challenges and opportunities congruent with the advent of internet... more This policy brief explores the challenges and opportunities congruent with the advent of internetization on the democratic landscape. Internetization is a new word that I have coined to describe our contemporary empowerment through global outreach and electronic connectivity. There is no denying that the 21 st century has precipitated profound structural change and empowered democracy through digital capacity and electronic connectivity. This paper analyzes the impact of internetization on e-democracy, social media, civics education, non-governmental organizations and global outreach. It also addresses the consequences of internetization on cybersecurity threats, election tampering and the contemporary challenges associated with electronic voting. This policy brief concludes with a set of recommendations embracing a new governance architecture, adapting the machinery of governance to electronic capacity and a strategic list of public policy initiatives directed to enhance the role ...
This paper explores the new frontiers and evolving transformation of macroeconomics in the 21st c... more This paper explores the new frontiers and evolving transformation of macroeconomics in the 21st century. It confronts the challenges and underlines the opportunities during the decades ahead. The context of this transformation in macroeconomics will be dictated by the realities of the new global economy. The new economy is comprised of a trilogy of interactive forces that include globalization, trade liberalization and the information technology and communications revolution. Globalization has melted national borders and redefined macroeconomic policy. Free trade has enhanced economic integration and extended the macroeconomic architecture. The information and communications revolution has made geography and time irrelevant and enhanced the reach of macroeconomic parameters. The 21st century will lead to a rediscovery of Schumpeterian theory. Indeed, the pivotal role that Schumpeter assigned to entrepreneurship and innovation will underline the relevance of his economic theories and...
Journal of Comparative International Management, 2006
The new global economy of the twenty-first century has transformed the economic, social, educatio... more The new global economy of the twenty-first century has transformed the economic, social, educational and political landscape in a profound and indelible manner. It is composed of a trilogy of interactive forces that include globalization, trade liberalization and the information technology and communications revolution. Globalization has melted national borders, free trade has enhanced economic integration and the information and communications revolution has made geography and time irrelevant. The role and functions of entrepreneurship in the new global economy have taken on added significance and face compounded challenges. We live in a challenging environment of rapidly changing economic events, where the private sector has become the most important engine of economic growth and the public sector has shrunk in importance and influence. Entrepreneurs are defining the new rules of engagement on the economic landscape as they come to grips with contemporary challenges and new opport...
Journal of Comparative International Management, 2011
The mission and mandate of economic governance and its accompanying institutional architecture re... more The mission and mandate of economic governance and its accompanying institutional architecture requires realignment in order to conform to the realities of the new global economy of the 21st century. Two recent economic events, the emergence of the new economy and the aftermath of the financial crisis of 2008, have become the defining milestones which precipitated the need for a new vision and a new direction for the financial governance. The new global economy of the 21st century is composed of a trilogy of interactive forces that include globalization, trade liberalization and the information technology and communications revolution. The aftermath of the financial crisis has precipitated a more interventionist role for government and has laid the foundations for new institutional and regulatory structures that will impact on the financial landscape of the 21st century. This paper explores the future architectural governance landscape for the financial industry and the scope and su...
The demographic storm clouds have been gathering for some time. No one should say we did not have... more The demographic storm clouds have been gathering for some time. No one should say we did not have sufficient advance warning of the gathering storm. Everyone should conclude that we did not act in a proactive and purposeful manner in order to avert the disastrous consequences of this perfect demographic storm. Despite the silver lining in the 2011 census data, the sun has not broken through the clouds on the New Brunswick demographic landscape. This paper analyzes New Brunswick’s demographic antecedents and proposes a proactive strategic plan for New Brunswick’s sustainable demographic future Resume Les nuages de la tempete demographique se sont accumules depuis quelque temps. Personne ne peut pretendre ne pas avoir ete prevenu que la tempete arrivait. Nous devons tous conclure que nous n’avons pas agi de maniere proactive et ciblee afin d’eviter les consequences desastreuses de cette tempete demographique parfaite. Malgre une certaine lueur d'espoir qui pointe des donnees du re...
This research endeavour attempts a critical appraisal of the scope and substance of Canada's ... more This research endeavour attempts a critical appraisal of the scope and substance of Canada's immigration policy and program. In a preparatory effort I review the contribution of major economists towards the development of a comprehensive theory of international migration. I conclude that the economic parameters of immigration theory have been a sadly neglected dimension within the historical evolution of mainstream economic theory. In the absence of a conceptual framework for immigration within mainstream economic theory countries of immigration have resorted to short term immigration policies in the reactive mold that are essentially an immediate crises management of demographic factors and labour market requirements. My research analyses the concepts of carrying capacity, optimum population size, absorptive capacity and defines the economic parameters of the immigration process through the selective use of Buchanan's theory of clubs. A historical review of Canada's imm...
Successfully navigating the public policy landscape of the 21st century is becoming an essential ... more Successfully navigating the public policy landscape of the 21st century is becoming an essential pre-requisite for businesses operating in a national and global environment. Public policy plays a key element in defining the operational parameters within which businesses can succeed or fail. The reason being that in the process of formulating and implementing their public policy response to the contemporary hot button issues, governments are also defining the microeconomic landscape and shaping the business environment within which businesses operate. The global financial crisis of 2008 triggered the Great Recession. The financial contagion effect impacted severely on national and multinational corporations, most national economies, triggered massive unemployment, created social tensions and revealed the limitations of the contemporary economic governance architecture. The public policy dilemma faced by most countries has been textured by two cataclysmic events- the global financial ...
Uploads
Papers by Constantine Passaris