In the 1990s, Canada suffered from the same economic malaise that plagues the U.S. today: slow economic growth, heavy government spending and a rising national debt. Canada's remarkable turnaround relied relatively little on raising taxes; instead, federal program spending was cut by nearly 10 percent over a two-year period to restore its budget to balance. Its federal government also devolved greater responsibility to provincial governments, leading to a decade of strong growth in employment, gross domestic product and investments. Despite the political challenges of reform, the governments responsible were consistently re-elected both federally and provincially.

This joint AEI/ Macdonald-Laurier Institute event will feature a distinguished group of Canadian politicians who managed the difficult politics of this period of powerful reform. The keynote speech will be provided by the Right Honorable Paul Martin, former Canadian finance minister and prime minister, under whose leadership many of Canada's reforms were enacted.

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