Prime Minister Justin Trudeau and Comparative Advantage

Pierre Elliott Trudeau Foundation: This is a catch-all ASF view; only displays when an unsupported article type is put in an ASF drop zone We have all heard it before: Canada diverse and multicultural society gives us a comparative advantage that leads to greater economic prosperity, according to Globe and Mail. It almost intuitive, right When Prime Minister Justin Trudeau took to the stage of the World Economic Forum in Davos, Switzerland, in January, he declared diversity a Canadian way of life and the secret to our success. Jillian Stirk is a former ambassador, a mentor at the Pierre Elliott Trudeau Foundation, and an associate at the Simon Fraser University Centre for Dialogue. But beyond the rhetoric, what is the evidence Research shows that diverse organizations make better decisions, and companies with diverse leadership see rewards in their bottom line. A recent study by the Peterson Institute found that 22,000 companies whose executive management was gender-diverse realized 6-per-cent higher corporate earnings. A 2015 study by McKinsey and Co., for example, shows that companies in the top quartile for gender, racial and ethnic diversity are more likely to have financial returns above their national industry medians. (www.immigrantscanada.com). As reported in the news.