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Shaping a route for growth and prosperity in Nova Scotia Through the Economic advisory panel, Nova Scotia has to control its own economy destiny and in the global economy. It has to embrace a much more disciplined and strategic approach so as to take advantage of their opportunities new emerging from the international marketplace and the achievement of the government is going to be set by its willingness to make the hard decisions that may proceed Nova Scotia along this route. As I have read through the Economic advisory panel, the issues and chances Nova Scotia has faced are numeral. Even during the present downturn, Nova Scotia has employed short term stimulus spending to improve on the problem caused by the downturn and other areas of the planet like the Asian nation have still remained dominant. This is sometimes because of the large saving variable that's in the Far East. Today we must concentrate on the longer term challenges and opportunities facing the state and the steps needed to improve the climate for expansion in the state. As I have read through the Economic advisory panel, here is some of the challenges that the state is facing: Increased competition from low wage manufacturers elsewhere and employment losses in communities outside Halifax and this has resulted in the loss of people, the migration from rural into urban areas of the provinces and even to migration to other parts of Canada and beyond Lack of Government financing from the regional development applications in the 1990 and Nova ScotiaвЂ™s high dependence on national spending. The employment and trade of Nova Scotia also been changed with the Mistime Lumber industry profiting in the 1990вЂ™s out of the US but output decreasing by 2004 and also the emergence of online support affecting the surgeries in.