Making EMU a success

One year has elapsed since the European Monetary Union was created between eleven of the fifteen European Union member states. During 1999 the economic prospects for euroland have dramatically improved, with projected growth in 2000 and 2001 well above earlier expectations. This article argues that the recovery, by itself, cannot solve Europe's unemployment problem, neither can monetary union per se, despite its substantial benefits. The authors discuss these benefits and assess the current economic situation in Europe. They recommend a bold, coordinated approach, a growth pact for Europe, based on the three complementary legs: substantial tax cuts; an accommodating monetary policy; and structural reform. They discuss the conditions in which such a pact would be successful.     

Les corridors maritimes stratégiques dans l'Arctique canadien : un programme adapté au tourisme marin ?

The melting of summer sea ice in the Canadian Arctic allows for better accessibility and therefore increased development of marine tourism. This paper highlights a significant increase in cruise ships and pleasure craft in the Canadian Arctic Archipelago since the 1990s, especially in the strategic areas of the Lancaster Sound and southeast of Baffin Island. Based on spatial analysis, cruise ships and pleasure craft were mostly sailing inside the primary corridors and outside the secondary corridors; this is particularly obvious for the fourth secondary corridor of the western Arctic. Moreover, marine tourism activity related to cruise ships or pleasure craft occurred within a distance of 15 nautical miles and beyond the outer limit of a corridor, whether primary or secondary. The Northern Marine Transportation Corridors Initiative is an important tool to manage marine traffic in the Canadian Arctic and we need to continue to encourage its development through a multipartite approach and taking traditional Inuit knowledge into account.