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Canada's Innovation Imperative 2011
The document is a report on Canada's innovation imperative from 2011. It finds that while Canada is one of the most prosperous nations, there remains a significant prosperity gap with the United States due to lagging productivity. To close this gap and drive future prosperity, the report recommends that Canada invest more in education, business R&D, and technology. It also suggests tax policy innovations, improving venture capital structures, and balancing public innovation strategies with international trade.
Canada's Innovation Imperative 2011
- 1. Canada’s innovation imperative Report on Canada 2011 Roger L. Martin g Toronto Reference Library | June 1, 2011
- 2. 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
- 3. Canada’s Innovation Imperative Productivity and innovation AIMS for i f innovation ti The innovation imperative: Steps to Canada’s prosperity 2 June 2011
- 4. Canada Has 9International Peers 3 June 2011
- 5. Canada Is AmongThe Most Prosperous Of International Peers 4 June 2011
- 6. Canada-US Prosperity GapRemains Significant 5 June 2011
- 7. Families Would BenefitFrom Closing Prosperity Gap 6 June 2011
- 8. …And Families WouldBe Happier 7 June 2011
- 9. GDP Trends AreVery Similar In Canada And US 8 June 2011
- 10. Canada Has OutperformedUS Participation Rates 9 June 2011
- 11. …And Unemployment Rates 10 June 2011
- 12. More Canadians AreWorking Than In US 11 June 2011
- 13. Layoffs Affect OlderWorkers More Severely 12 June 2011
- 14. Institute Measures FourComponents Of Prosperity 13 June 2011
- 15. Canada’s Labour EffortMatches US 14 June 2011
- 16. But Productivity TrailsSignificantly 15 June 2011
- 17. Canada’s Prosperity GapIs A Productivity Gap 16 June 2011
- 18. Our Labour EffortLeads Peers; Productivity Lags 17 June 2011
- 19. Innovation And ProductivityAre Closely Linked 18 June 2011
- 20. Institute Recommends 2020Prosperity Agenda 19 June 2011
- 21. Institute Measures FourProsperity Components 20 June 2011
- 22. Lagging Productivity AndIntensity Drive Prosperity Gap 21 June 2011
- 23. Lagging Productivity AndIntensity Drive Prosperity Gap 22 June 2011
- 24. Canada’s Innovation Imperative Productivity and innovation AIMS for i f innovation ti The innovation imperative: Steps to Canada’s prosperity 23 June 2011
- 25. AIMS Drives Prosperity;Prosperity Drives AIMS 24 June 2011
- 26. Canadian And USAttitudes 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
- 27. Our Managers SeeRisk As Innovation Roadblock 26 June 2011
- 28. But Canadian AndUS Managers Have Similar Views 27 June 2011
- 29. Canada’s Public InvestmentIn Education Trails Health Care 28 June 2011
- 30. Canada’s Public InvestmentIn Education Trails US 29 June 2011
- 31. More Education MeansHigher Earnings 30 June 2011
- 32. Fewer University DegreesAre Awarded In Canada 31 June 2011
- 33. Ontario Pulls UpCanada’s Performance In Degrees Awarded 32 June 2011
- 34. Canadian Business InvestmentsLag US 33 June 2011
- 35. ICT Investment GapIs Larger 34 June 2011
- 36. Canada Trails USIn Business R&D… 35 June 2011
- 37. …Business Is SourceOf R&D Gap 36 June 2011
- 38. Business R&D SpendingLinks To Patent Output 37 June 2011
- 39. Canadian Business PatentingTrails Significantly 38 June 2011
- 40. Many Large-Scale IncentiveProjects Fail 39 June 2011
- 41. Large-Scale Incentive PackagesCan Be Costly 40 June 2011
- 42. Taxes Can BeLow And High Or Wise And Unwise 41 June 2011
- 43. Our Tax OnBusiness Investment Is Now Much Lower 42 June 2011
- 44. Canada Should ExploreTax 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
- 45. Support And PressureDrive Innovation 44 June 2011
- 46. Venture Capital InvestmentIs Lower In Canada 45 June 2011
- 47. Canada Has MoreDeals 46 June 2011
- 48. Venture Capital DealsAre Smaller In Canada 47 June 2011
- 49. Venture Capital ReturnsHave Been Abysmal Recently 48 June 2011
- 50. Lean Startups AreNew Approach To Venture Capital 49 June 2011
- 51. Microfunding Offers PotentialFor VC 50 June 2011
- 52. Microfunding Offers PotentialFor VC 51 June 2011
- 53. Canada Had 15Billion$ Global Leaders In 1985 52 June 2011
- 54. Canada Created 25New Billion$ Global Leaders, 1985 – 2003 53 June 2011
- 55. Canada Created 2New Billion$ Global Leaders, 2003 – 2010 54 June 2011
- 56. Canada Now Has42 Billion$ Global Leaders 55 June 2011
- 57. Canada Now Has42 Billion$ Global Leaders 56 June 2011
- 58. Invention And Innovation:What’s The Difference? 57 June 2011
- 59. Innovation Is KeyFor Canadian Global Leaders 58 June 2011
- 60. Base FDI PolicyOn Reciprocity, Not Net Benefit 59 June 2011
- 61. Canada’s Innovation Imperative Productivity and innovation AIMS for i f innovation ti The innovation imperative: Steps to Canada’s prosperity 60 June 2011
- 62. 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
- 63. 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
- 64. 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
- 65. 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
- 66. Canada’s innovation imperative Report on Canada 2011 Roger L. Martin g Toronto Reference Library | June 1, 2011