Alberta's economic reliance on its energy resources Term Paper

Albertas economic reliance on its energy resources - Term Paper ExampleIn 1991, the overall industry construction had locomote to thirty six percent. In addition, Albertas energy companies have also been affected by downsizing among Albertas oil and gas firms. The positive intelligence service about the energy sector is that their balance sheets are improving through debt reduction. Job insecurity is an separate factor that is affecting Albertas economy2. According to a recent research, statistics show that one out of four Canadians is concerned with the increasing job security. This job insecurity concern extends to both the white collar and the racy collar workers, which in turn reduces economic recovery. More intense research about Albertas work force claims that Albertans are the most highly educate workforce in Canada. The research went ahead to reveal that thirty eight percent of these individuals hold on the same job for over two years while the other percentage change jo bs within the same period of time. Human resource capabilities are the most important factor that should arise to pick up the long-term welfare of Albertas work force welfare. This paper will outline Albertas diversification progress and review other areas that are equable lagging behind that needs mitigatement. Summary This article presents how Albertas economy gradually evolved. ... Ideally, the article presents how these economic set backs are affecting the society and the administration 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 graceful 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 realistic if the concerned parties pile up pressure on the government to allocate a certain percentage of revenue to fix infrastruc ture. 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 collaborate with infrastructure to improve Albertas economy. Most of Albertas economic sectors depend on each other and that is why infrastructure alone cannot solve Albertas poor economy. For instance, market-gardening 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 qualify 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 ter m proposal intended on regaining back the economy. This is a temporal solution while