|
Dear John,
A new study published by the Fraser Institute today finds that over the past decade, weak business investment in technologies that increase worker productivity is stifling Canada’s economic growth and suppressing improvements in Canadian living standards.
On average, total investment in Canada relative to the size of the economy was greater than in the U.S. over the past two decades, largely due to the enormous investments made in housing in Canada versus the U.S.
But during those same years, productivity-enhancing investments in information and communication technologies and in intellectual property products were much lower than in the United States.
This underinvestment in key technologies is showing up in Canada’s productivity numbers, which are essential for improved living standards.
If governments in Canada want to promote rising living standards through faster productivity growth, they must create a policy environment that’s attractive to productivity-enhancing business investments and not simply focus on building more housing.
Check out all the numbers here, and be sure to help us spread this news far and wide.
Sincerely,
Niels Veldhuis
President
The Fraser Institute
|
