At the World Economic Forum in Davos back in January, Prime Minister Mark Carney set out what is emerging as his government’s organizing principle: economic growth grounded in resilience, trust, and effective risk management. His message was clear: the new global economy will reward countries and companies that manage systemic risk, build public confidence, and align markets with long-term stability.

It has become the Carney Doctrine.

Canada’s Defence Industrial Strategy – Time to Build.

In his remarks, the prime minister described a new approach that applies both to states and to firms. The implication is significant. Canada’s competitive strategy will no longer rest solely on trade access, natural resources, or capital markets. It will depend increasingly on how well we govern the social, environmental, technological, and geopolitical risks that shape economic performance.

He is to be commended for his efforts in signing agreements and opening new trading patterns. In less than a year, Carney has undertaken an intensive schedule of international travel, opening new trading relationships, and pursuing a wide range of economic partnerships and agreements.

The vision raises an important question: where does Canada’s business and human rights and responsible business conduct agenda fit within the economic framework now emerging?

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