(2012), "Canadian (lack of) innovation", International Journal of Productivity and Performance Management, Vol. 61 No. 5. https://doi.org/10.1108/ijppm.2012.07961eaa.008Download as .RIS
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Copyright © 2012, Emerald Group Publishing Limited
Canadian (lack of) innovation
Article Type: News From: International Journal of Productivity and Performance Management, Volume 61, Issue 5
Canada has many times over the last couple of decades talked about the need to innovate, to catch up with and compete with the US. How is it doing? Not very well, according to Kevin Lynch, vice-chair of the BMO Financial Group and ex-clerk of the Privy Council:
While basic research in our universities is reasonably strong, Canadian business spending on R&D is only one per cent of GDP, half of what US corporations spend and one-third of what the leaders Sweden, Finland and Korea invest annually. Canada has slipped to 20th place among OECD countries for business spending on research and development. And it shows: the productivity level of the Canadian business sector is only 72 percent that of US businesses.