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HomePolicy Articles Article Summary

Improving Canada's Business Environment and Competitiveness

Report by Andre Cote

This report follows a discussion of the Government of Canada (GoC) document Advantage Canada: Building a Strong Economy for Canadians, which accompanied the November 2006 fiscal update. André Côté’s report argues that although the Advantage Canada is a good starting point, the long-term nature of its plan hides failures within the Canadian economy that require immediate action. According to the author, Canada’s lagging productivity must be addressed directly through investment in machinery and research and development, as well as government investment in education to provide skilled workers. Additionally, the taxation structure must be changed to increase competition and investment. As Côté points out “government has an important role to play in managing the playing field for business.”

Côté’s report also addresses other shortcomings of the Canadian economy. The author notes that despite some advances Canada still lags behind in translating research into marketable innovation. He asserts this fact must be addressed in the short-term. Furthermore, the report notes that the Trade, Investment and Labour Mobility Agreement (TILMA) reached between British Columbia and Alberta represents a good precedent for the nation to remove interprovincial barriers to labour mobility, investment, and trade. On the international front, the author points to the new economy and the reality of global trade, arguing that new policies must reflect these values. Further, Côté asserts that trade is not itself valuable, but only a means to prosperity. The report concludes that the GoC document represents a wake-up call for Canadians: action is required to right urgent wrongs in the economy that have been ignored in the past.

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Policy Publication Details

Author(s): Andre Cote;
Publisher: Public Policy Forum [ Visit Website ]
Year Published: 2007; Publisher Type: Research Institute
Publicly Available: Yes Research Focus: National;
Registration Required: No Language: English
Payment Required: No Publication Format: Adobe PDF

Subjects / Categories:

Policy Articles / International Trade, Development & Finance / Foreign Investment
Policy Articles / International Trade, Development & Finance / Imports & Exports
Policy Articles / Monetary & Capital Management / Domestic Investment
Policy Articles / Monetary & Capital Management / Government & Business Enterprises
Policy Articles / Economy / Federal Economy
Policy Articles / Economy / Economic Forecast
Policy Articles / Economy
Policy Articles / International Trade, Development & Finance
Policy Articles / Monetary & Capital Management
Policy Articles / Economy / Economic Forecast / 2007
Policy Articles / Economy / Federal Economy / 2007
Policy Articles / International Trade, Development & Finance / Foreign Investment / 2007
Policy Articles / International Trade, Development & Finance / Imports & Exports / 2007
Policy Articles / Monetary & Capital Management / Domestic Investment / 2007
Policy Articles / Monetary & Capital Management / Government & Business Enterprises / 2007


Keywords / Tags:

economy; canada; investment; infrastructure; human resources; transport; NAFTA; trade; innovation; research; productivity; funding; government;