Canada's Innovation Imperative 2011
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Canada's Innovation Imperative 2011

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    Canada's Innovation Imperative 2011 Canada's Innovation Imperative 2011 Presentation Transcript

    • Canada’s innovation imperative Report on Canada 2011Roger L. Martin gToronto Reference Library | June 1, 2011
    • The Institute Mandate To measure and monitor Ontario’s and Canada’s competitiveness, productivity, and economic progress compared to other provinces, p p , US states and the US as a whole and to report to the public on a regular basis 1 June 2011
    • Canada’s Innovation Imperative Productivity and innovation AIMS for i f innovation ti The innovation imperative: Steps to Canada’s prosperity 2 June 2011
    • Canada Has 9 International Peers 3 June 2011
    • Canada Is Among The Most Prosperous Of International Peers 4 June 2011
    • Canada-US Prosperity Gap Remains Significant 5 June 2011
    • Families Would Benefit From Closing Prosperity Gap 6 June 2011
    • …And Families Would Be Happier 7 June 2011
    • GDP Trends Are Very Similar In Canada And US 8 June 2011
    • Canada Has Outperformed US Participation Rates 9 June 2011
    • …And Unemployment Rates 10 June 2011
    • More Canadians Are Working Than In US 11 June 2011
    • Layoffs Affect Older Workers More Severely 12 June 2011
    • Institute Measures Four Components Of Prosperity 13 June 2011
    • Canada’s Labour Effort Matches US 14 June 2011
    • But Productivity Trails Significantly 15 June 2011
    • Canada’s Prosperity Gap Is A Productivity Gap 16 June 2011
    • Our Labour Effort Leads Peers; Productivity Lags 17 June 2011
    • Innovation And Productivity Are Closely Linked 18 June 2011
    • Institute Recommends 2020 Prosperity Agenda 19 June 2011
    • Institute Measures Four Prosperity Components 20 June 2011
    • Lagging Productivity And Intensity Drive Prosperity Gap 21 June 2011
    • Lagging Productivity And Intensity Drive Prosperity Gap 22 June 2011
    • Canada’s Innovation Imperative Productivity and innovation AIMS for i f innovation ti The innovation imperative: Steps to Canada’s prosperity 23 June 2011
    • AIMS Drives Prosperity; Prosperity Drives AIMS 24 June 2011
    • Canadian And US Attitudes Are Similar Ontarians differ little from their US peers in… Views of business and business leaders Attitudes toward risk and success Attitudes toward competition and competitiveness Willingness to take action to achieve a higher standard of living 25 June 2011
    • Our Managers See Risk As Innovation Roadblock 26 June 2011
    • But Canadian And US Managers Have Similar Views 27 June 2011
    • Canada’s Public Investment In Education Trails Health Care 28 June 2011
    • Canada’s Public Investment In Education Trails US 29 June 2011
    • More Education Means Higher Earnings 30 June 2011
    • Fewer University Degrees Are Awarded In Canada 31 June 2011
    • Ontario Pulls Up Canada’s Performance In Degrees Awarded 32 June 2011
    • Canadian Business Investments Lag US 33 June 2011
    • ICT Investment Gap Is Larger 34 June 2011
    • Canada Trails US In Business R&D… 35 June 2011
    • …Business Is Source Of R&D Gap 36 June 2011
    • Business R&D Spending Links To Patent Output 37 June 2011
    • Canadian Business Patenting Trails Significantly 38 June 2011
    • Many Large-Scale Incentive Projects Fail 39 June 2011
    • Large-Scale Incentive Packages Can Be Costly 40 June 2011
    • Taxes Can Be Low And High Or Wise And Unwise 41 June 2011
    • Our Tax On Business Investment Is Now Much Lower 42 June 2011
    • Canada Should Explore Tax Policy Innovations Consider a Carbon Tax Tax corporations on cash flow, not accruals Eliminate the corporate tax Reduce high Marginal Effective Tax Rates for low income earners Tax i di id l T individuals on consumption, not income i i 43 June 2011
    • Support And Pressure Drive Innovation 44 June 2011
    • Venture Capital Investment Is Lower In Canada 45 June 2011
    • Canada Has More Deals 46 June 2011
    • Venture Capital Deals Are Smaller In Canada 47 June 2011
    • Venture Capital Returns Have Been Abysmal Recently 48 June 2011
    • Lean Startups Are New Approach To Venture Capital 49 June 2011
    • Microfunding Offers Potential For VC 50 June 2011
    • Microfunding Offers Potential For VC 51 June 2011
    • Canada Had 15 Billion$ Global Leaders In 1985 52 June 2011
    • Canada Created 25 New Billion$ Global Leaders, 1985 – 2003 53 June 2011
    • Canada Created 2 New Billion$ Global Leaders, 2003 – 2010 54 June 2011
    • Canada Now Has 42 Billion$ Global Leaders 55 June 2011
    • Canada Now Has 42 Billion$ Global Leaders 56 June 2011
    • Invention And Innovation: What’s The Difference? 57 June 2011
    • Innovation Is Key For Canadian Global Leaders 58 June 2011
    • Base FDI Policy On Reciprocity, Not Net Benefit 59 June 2011
    • Canada’s Innovation Imperative Productivity and innovation AIMS for i f innovation ti The innovation imperative: Steps to Canada’s prosperity 60 June 2011
    • The Innovation Imperative: Steps To Canada’s Prosperity Attitudes Encourage innovation for Canada to win in an ever more competitive world Remain determined to close the prosperity gap R i d t i dt l th it through aggressive attitudes toward making innovation happen 61 June 2011
    • The Innovation Imperative: Steps To Canada’s Prosperity Investments Invest in the human capital and technology critical for innovation Continue investing in people for Canada’s C ti i ti i l f C d ’ competitiveness Increase business investment in research and development and in information and d l t di i f ti d communications technology Review provincial policies and programs on incentives to attract businesses to Canada 62 June 2011
    • The Innovation Imperative: Steps To Canada’s Prosperity Motivations Ensure tax changes remain in place and make Canada a tax innovator Maintain th M i t i the recent changes in Ontario’s and t h i O t i ’ d British Columbia’s sales and corporate tax structures and encourage governments in Saskatchewan, Manitoba, and Prince Edward , , Island to follow their lead Lower marginal effective tax rates for low income Canadians Consider a carbon tax Pursue tax policy innovations p y 63 June 2011
    • The Innovation Imperative: Steps To Canada’s Prosperity Structures Drive innovation through smarter public policies and more international trade Balance our public innovation strategies Continue to encourage federal efforts to expand international free trade agreements Step up our efforts to increase trade with China, our next largest trading partner after the United States and the European Union Replace the net benefit test for foreign direct investment with bilateral reciprocity treaties Explore policy options to improve venture capital structures Keep the friendly pressure on our US neighbours to resist protectionist impulses 64 June 2011
    • Canada’s innovation imperative Report on Canada 2011Roger L. Martin gToronto Reference Library | June 1, 2011