Ring Of Fire Case Study

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The development of the Ring of Fire enormously benefits Ontario’s economic situation. If the project is successful, the short-term effects include an increase in GDP by $9.4 billion, increase profit in Ontario’s mining industry by $6.2 billion, creating 5,500 sustainable jobs every year, and generates nearly $2 billions in government revenue, which will be divided between federal, provincial, and municipal governments. If the project is successfully adapted, it may have a significant impact on a province range. For example, it might raise $25 billion in GDP, generates $16.7 billion for Ontario’s mining industry, $6.7 billion in government revenue, which also creates a multiplier effect, referring to direct, indirect and induced impact that

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