Dr. Edward Chambers makes it his business to study economic fluctuations, including the one currently in progress. “What I'm working on now are issues of stability – how you improve economic stability in resource-producing economies, in particular at the regional level in western Canada,” Chambers said.
Chambers is a faculty member of the Alberta School of Business at the University of Alberta, where his research has focused on Western Canada's position in the global economy and on the role small business plays in the region. “I'm extremely proud of the work I've done in business fluctuations and business cycles in Canada, together with the work I've done surrounding countries’ economic development,” he said. “I've been extremely fortunate in my career.” Chambers is also working on finding opportunities for increasing economic diversification.
Chambers believes that recovery is well underway after the Great Recession, but that there's still a long way to go. “Unfortunately it's a relatively jobless recovery. And that is a really bothersome, troublesome, difficult situation,” he said. “The issues are partly inadequate demand, partly the fact that a segment of the labor force that doesn't have adequate skills to meet the demands that are out there.” His recommendation to get the job recovery process going is to set up programs that will stimulate demand, as well as retraining programs for workers whose skills are now out of date.
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