Roger L Martin Canadas Innovation Imperative

Canadas innovation imperative
Report on Canada 2011
Roger L. Martin g
Toronto Reference Library | June 1, 2011
The Institute Mandate
To measure and monitor Ontarios and Canadas 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
June 2011
Canadas Innovation Imperative
Productivity and innovation AIMS for i f innovation ti The innovation imperative: Steps to Canadas prosperity
June 2011
Canada Has 9 International Peers
June 2011
Canada Is Among The Most Prosperous Of International Peers
June 2011
Canada-US Prosperity Gap Remains Significant
June 2011
Families Would Benefit From Closing Prosperity Gap
June 2011
And Families Would Be Happier
June 2011
GDP Trends Are Very Similar In Canada And US
June 2011
Canada Has Outperformed US Participation Rates
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
Canadas Labour Effort Matches US
14
June 2011
But Productivity Trails Significantly
15
June 2011
Canadas 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
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
Canadas Public Investment In Education Trails Health Care
28
June 2011
Canadas 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 Canadas 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: Whats 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
60
June 2011
The Innovation Imperative: Steps To Canadas 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
Investments
Invest in the human capital and technology critical for innovation
Continue investing in people for Canadas 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
Motivations
Ensure tax changes remain in place and make Canada a tax innovator
Maintain th M i t i the recent changes in Ontarios and t h i O t i d British Columbias 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
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
Canadas innovation imperative

Report on Canada 2011
Roger L. Martin g
Toronto Reference Library | June 1, 2011

Roger L Martin Canadas Innovation Imperative

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Canadas innovation imperative

Report on Canada 2011

The Institute Mandate

Canadas Innovation Imperative

Canada Has 9 International Peers

Canada Is Among The Most Prosperous Of International Peers

Canada-US Prosperity Gap Remains Significant

Families Would Benefit From Closing Prosperity Gap

And Families Would Be Happier

GDP Trends Are Very Similar In Canada And US

Canada Has Outperformed US Participation Rates

And Unemployment Rates

More Canadians Are Working Than In US

Layoffs Affect Older Workers More Severely

Institute Measures Four Components Of Prosperity

Canadas Labour Effort Matches US

But Productivity Trails Significantly

Canadas Prosperity Gap Is A Productivity Gap

Our Labour Effort Leads Peers; Productivity Lags

Innovation And Productivity Are Closely Linked

Institute Recommends 2020 Prosperity Agenda

Institute Measures Four Prosperity Components

Lagging Productivity And Intensity Drive Prosperity Gap

Lagging Productivity And Intensity Drive Prosperity Gap

Canadas Innovation Imperative

AIMS Drives Prosperity; Prosperity Drives AIMS

Canadian And US Attitudes Are Similar

Our Managers See Risk As Innovation Roadblock

But Canadian And US Managers Have Similar Views

Canadas Public Investment In Education Trails Health Care

Canadas Public Investment In Education Trails US

More Education Means Higher Earnings

Fewer University Degrees Are Awarded In Canada

Ontario Pulls Up Canadas Performance In Degrees Awarded

Canadian Business Investments Lag US

ICT Investment Gap Is Larger

Canada Trails US In Business R&D

Business Is Source Of R&D Gap

Business R&D Spending Links To Patent Output

Canadian Business Patenting Trails Significantly

Many Large-Scale Incentive Projects Fail

Large-Scale Incentive Packages Can Be Costly

Taxes Can Be Low And High Or Wise And Unwise

Our Tax On Business Investment Is Now Much Lower

Support And Pressure Drive Innovation

Venture Capital Investment Is Lower In Canada

Canada Has More Deals

Venture Capital Deals Are Smaller In Canada

Venture Capital Returns Have Been Abysmal Recently

Lean Startups Are New Approach To Venture Capital

Microfunding Offers Potential For VC

Microfunding Offers Potential For VC

Canada Had 15 Billion$ Global Leaders In 1985

Canada Created 25 New Billion$ Global Leaders, 1985 2003

Canada Created 2 New Billion$ Global Leaders, 2003 2010

Canada Now Has 42 Billion$ Global Leaders

Canada Now Has 42 Billion$ Global Leaders

Invention And Innovation: Whats The Difference?

Innovation Is Key For Canadian Global Leaders

Base FDI Policy On Reciprocity, Not Net Benefit

Canadas Innovation Imperative

The Innovation Imperative: Steps To Canadas Prosperity

The Innovation Imperative: Steps To Canadas Prosperity