NURTURING GLOBAL GROWTH COMPANIES: TIME FOR A NEW POLICY TOOLKIT
Pierre Lortie
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Pierre Lortie: Dentons Canada LLP
SPP Research Papers, 2019, vol. 12, issue 27
Abstract:
Canada’s declining position in the Global Competitiveness Index, the lower productivity of Canadian companies compared to U.S. firms and the low ranking of Canadian companies in the Global Innovation Index, despite the strengths of our scientific community and the quality of its scientific research, suggest that Canadians have not mastered the alchemy of transforming “knowledge into money.†Key drivers of such a transformation in industrialized economies are high-growth and globally competitive technology companies. These so-called “gazelles†contribute disproportionally to job creation, economic growth, innovation and productivity improvement. Canada underperforms in the creation of these firms, and recent trends are not promising.
Date: 2019
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