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New report looks at role government investment could play in Canadian economy

Work by economists like Mariana Mazzucato has led to growing recognition that many of the key innovations that fueled economic growth were funded by governments. A new report by the Broadbent Institute, More Courageous Bets and Equitable Returns: Challenging Perceptions about Public Investment in Innovation looks at what Canadian governments should be doing differently.

Even those who claim to oppose industrial policies implementing them

A new report from the Institute for Research on Public Policy (IRPP) shows that even governments that claim to oppose industrial policies are implementing them.

In The Resurgence of Industrial Policy and What It Means for Canada the authors suggest that the success of countries that are openly pursuing industrial policies and the role industrial policies have played in the past in all developed countries mean more countries will be adopting industrial policies.

Canada gets “D” in Conference Board of Canada report card on innovation

In its report card, “How Canada Performs”, the Conference Board of Canada gave Canada a “D” for innovation. It found Canada ranked 14th out of the 17 countries surveyed and lack of innovation was harming the economy.

What makes the report card surprising is that the Canadian government spends more on research and development, as a percent of GDP,  than any of the other countries surveyed. The problem is how the money is spent.

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