Return to all PUBLICATIONS

Outlook 2020

Outlook 2020

 In 2008, the Business Council of British Columbia launched an ambitious project under the banner of Outlook 2020. The objective was to help shape a realistic vision and agenda for BC’s economic future, with a particular focus on the post-Olympic decade. Not long after the project began, the world economy was rocked by an unprecedented financial crisis that evolved into the first full-scale global recession in six decades. This ‘Great Recession’ has left a painful legacy of high unemployment, excess industrial capacity, diminished trade flows, and weakened government finances. While Canada emerged from the turmoil in better shape than many others, no part of the country managed to escape the carnage.

Outlook 2020 was been guided by three fundamental questions:

  1. What are the most important external and internal trends that will define the economic environment for British Columbia in the next decade?
  2. How can the province continue to prosper in an increasingly competitive and knowledge-based global economy?
  3. What steps can be taken to improve upon current policies, institutions, attitudes, and practices to strengthen the foundations for economic success?

At the heart of Outlook 2020 is a series of papers that explore topics relevant to the province’s economic future. Most of these were developed by outside researchers, in some cases in partnership with other organizations. A few were written by Business Council staff. In all, 28 papers were commissioned for the project. Those papers are available below, including this final report which synthesized the learnings from Outlook 2020 and is the authors’ attempt to distil what they judge to be the principal insights from the project, and to outline a number of strategic directions that British Columbia can take to bolster its economic prosperity in the post-Olympic decade that is now just beginning.

Natural Gas: Fueling British Columbia's Growth

Authored by OnPoint Consulting

View Publication

Outlook 2020: Shaping BC's Economic Future

Authored by Jock Finlayson, and Ken Peacock, Business Council of British Columbia

View Publication

Profile and Outlook for the BC Agri-Food Industry

Authored by Gregg Burkinshaw, Business Council of British Columbia

View Publication

Vancouver as a City-Region in the Global Economy

Authored by the Vancouver Economic Development Commission

View Publication

Realizing British Columbia's Second Renewable Electricity Revolution

Authored by OnPoint Consulting Inc.

View Publication

Shifting Perceptions: Health Industries as a Source of Wealth Creation in British Columbia

Authored by Jock Finlayson and Ken Peacock, Business Council of British Columbia

View Publication

Opportunity BC 2020: BC's Forest Industry, Moving from a Volume Focus to a Value Perspective

Authored by Woodbridge Associations

View Publication

Climate Change: BC's Progress Toward a Low-Carbon Economy

Authored by Nancy Olewiler, Simon Fraser University

View Publication

Northern British Columbia: A Vision for Prosperity

Authored by Initiatives Prince George Development Corporation and Northern Development Initiative Trust

View Publication

Building the Economic Base: Tradable Services

Authored by Michael A. Goldberg

View Publication

Prospects for Mining in British Columbia

Authored by Michael R. J. McPhie, M.Sc., QEP, Managing Director, Natural Resource and Infrastructure Projects, Heenan Blakie

View Publication

Opportunity BC 2020: Tourism Sector

Authored by PricewaterhouseCoopers LLP

View Publication

Opportunity BC 2020: Creative Sector

Authored by PricewaterhouseCoopers LLP

View Publication

Co-operative Opportunities in British Columbia

Authored by Monica Marshal, Director, Strategy, Andrea Harris, Director, Community Leadership, Bill Corbett, Director, Elvy Del Bianco, Consultant
Vancity

View Publication

First Nations and Economic Prosperity in the Coming Decade

Authored by Perrin, Thoreau and Associates

View Publication

Where will the Workers Come From? British Columbia Labour Force Projections to 2030

Authored by Ken Peacock and Jock Finlayson, Business Council of British Columbia

View Publication

Population Aging: Economic and Social Dimensions

Authored by Roslyn Kunin & Associates, Inc. (RKA, Inc.)

View Publication

Achieving a Highly Skilled, High-Performace Workforce in British Columbia

Authored by Kerry Jothen, Chief Executive Officer, Human Capital Strategies

View Publication

15 by 15: A Comprehensive Policy Framework for Early Human Capital Investment in BC

Authored by Paul Kershaw, Ph.D., Lynell Anderson, CGA, Bill Warburton, Ph.D., Clyde Hertzman, M.D., M.Sc., FRCPC, FRSC
Human Early Learning Partnership
University of British Columbia

View Publication

Universities and the Knowledge Economy

Authored by David H. Turpin, President and Vice Chancellor, Eric Sager, Professor of History, Lyn Tait and Ludgard De Decker
University of Victoria

View Publication