And I invite you to check it out, on the Bank’s website, starting tomorrow. There will be an article on how international trade works to the benefit of Canadians that I hope will be widely read. When using the term “technological disruption,” we have in mind how technological breakthroughs can literally revolutionize the way people work, with implications for the entire economy.
Consider the changes that arrived with the internal combustion engine or electricity. Or, to take a more recent example, consider the disruption over the past 20 years caused by the globalization of manufacturing. Companies fragmented their production processes, making their parts in various countries. Then they connected those suppliers together into cross-border supply chains.