The economies of Ontario and Michigan have a lot in common, but while Michigan—once known as the “economic laggard” of the United States—has experienced a surge in economic and employment growth thanks to pro-growth policy reforms, Ontario’s economy has shown a weak performance in recent years because of policy changes that undermined growth prospects, a new study says.
“In the face of daunting challenges, Michigan took charge of its economic future with an ambitious reform package that has coincided with substantial job growth and a rebirth of manufacturing in the state,” said Ben Eisen, senior fellow at the Fraser Institute and co-author of the study. “Ontario should take note of Michigan’s policy reforms and its successful economic turnaround.”