Newton and economic development

Newton’s three laws of motion (Wikipedia paraphrased):

First Law: An object at rest tends to stay at rest, or if it is in motion tends to stay in motion with the same speed and in the same direction unless acted upon by a sum of physical forces.

Second Law: A body will accelerate with acceleration proportional to the force and inversely proportional to the mass.

Third Law: Every action has a reaction equal in magnitude and opposite in direction.

It’s interesting how economic development tends to mirror the laws of physics.

First Law:  A community or region in motion (growing) will tend to stay in motion until hammered  by a major industry restructuring, recession, et.  A community or region in downward motion will tend to stay in a downward motion until something gets in its way to retard the decline. 

Second Law: Something like – it should be easier to turn around Bathurst than Detroit.

Third Law: There are winners and losers.

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2 Responses to Newton and economic development

  1. Paul says:

    I shouldn’t take the time to do this, but since my backyard gets mentioned I feel compelled.

    Bathurst is doing, and will do just fine, thank you very much. Generally the business community is positive, and many are making investments everyday. We have manufacturing base that is much less dependent on Brunswick Mines than you might think.

    Otherwise, and notwithstanding the exodus of youth, a problem not exclusive to Northern NB, but to other rural regions throughout Canada, Bathurst has a natural advantage of being centrally located for Northern New Brunswick. Regional medical, business, government offices naturally go there. It sits right at the centre of around 100,000 or more people.

    It is served by air, which is a success story of local initiative rarely recognized. Some scoff, but the daily flights to and from Montreal are full, and from Montreal you go anywhere in the world.

    Real Estate is still selling well, and I talk to quite few business people, and all have a very positive outlook on the future.

    If you want a small place to compare Detroit to, Dalhousie would be it. Now there is a place that has hit a wall, the likes of which Bathurst, or Moncton will never have to deal with.

    Bathurst is far from a dying place. It’s been around for 400 years, and it will outlive anyone reading this post.

  2. Samonymous says:

    It’s not looking good for NB, but I wouldn’t count out Detroit just yet even though one of their anchor industries is in a pretty dire situation at the moment. When former b-baller Dave Bing was sworn in as mayor things have been looking up for the motor city. I think it’s essential that someone with “real” business experience get the opportunity to turn things around there. I like the cut of his jib.

    http://www.corpmagazine.com/Departments/CoverStories/tabid/54/itemid/1277/Default.aspx

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