Former Bank of Canada Governor and Prime Minister, Mark Carney, has pointed out a structural risk in the national economy. His warning focuses on the excessive trade dependence with the southern neighbor. This relationship, historically an advantage, is now perceived as a weak point in the face of geopolitical changes and potential tensions. Diversification is presented as a necessary path.
The need to diversify with digital and logistical infrastructure 🛠️
From a technical perspective, diversification demands investment in critical infrastructure. This includes deep-water ports on both coasts, efficient rail links, and, above all, data transmission capacity. Strengthening the backbone fiber optic network and proprietary satellite links would reduce dependence on U.S. digital hubs. A plan of this type requires long-term coordination between the public and private sectors.
And here we are, waiting for NAFTA 2.0 to come with technical support 🤦♂️
The situation has a technological déjà vu. It's like having all your data on a single hard drive, with no backups, and hoping it never fails. We rely on a single service provider, let's say, United States Inc., and we are surprised when their pricing policy or their firewall affects us. Perhaps it's time to stop being the preferred client who only calls support when there's a serious problem, and start having our own server.