Transcript Slide 1
Roger L. Martin Ottawa, March 10, 2006 1 March 2006 The Institute for Competitiveness & Prosperity Mandate To measure and monitor Ontario’s competitiveness, productivity, and economic progress compared to other provinces and the US states and to report to the public on a regular basis. 2 March 2006 Rebalancing Priorities For Canada’s Prosperity 3 March 2006 Prosperity perspective 2006 Continuing prosperity and productivity challenge Rebalancing toward investment Taxing smarter to motivate investment Rebalancing market and governance structures Recommendations for prosperity Canada’s Economy Out Performs Most Others 4 March 2006 Canada’s Prosperity Gap Has Widened 5 March 2006 Stakeholders Can Consume Today and Invest for Future Prosperity 6 March 2006 Investing Leads to Higher Prosperity 7 March 2006 Consumption is the Benefit of Prior Investment 8 March 2006 Rebalancing Priorities For Prosperity 9 March 2006 Prosperity perspective 2006 Continuing prosperity and productivity challenge Rebalancing toward investment Taxing smarter to motivate investment Rebalancing market and governance structures Recommendations for prosperity Canada’s Productivity Gap is the Major Source of its Prosperity Gap 10 March 2006 The Institute Assesses Measurable Elements of GDP Per Capita 11 March 2006 Canada’s Demographic Profile Will Continue To Be An Advantage 12 March 2006 Canada’s Participation Rate Has Rebounded 13 March 2006 Canada’s Employment Rate Has Improved 14 March 2006 Canada Has Higher Utilization Of Working Aged Population 15 March 2006 Canada Has A Persistent Gap In Hours Worked 16 March 2006 Lower Productivity Drives Canada’s Prosperity Gap with US 17 March 2006 Urbanization Drives Productivity 18 March 2006 Rebalancing Priorities For Prosperity 19 March 2006 Prosperity perspective 2006 Continuing prosperity and productivity challenge Rebalancing toward investment Taxing smarter to motivate investment Rebalancing market and governance structures Recommendations for prosperity AIMS Drives Prosperity; Prosperity Drives AIMS 20 March 2006 Ontarians Have Positive Attitudes Toward Competition and Prosperity 21 March 2006 Canada’s Businesses Continue to Under Invest 22 March 2006 Governments Shifted from Investment to Consumption 23 March 2006 Canadians Under Invest in Post Secondary Education 24 March 2006 Canada Trails in Degrees Conferred 25 March 2006 Higher Education Leads to Higher Economic Returns 26 March 2006 Rebalancing Priorities For Prosperity 27 March 2006 Prosperity perspective 2006 Continuing prosperity and productivity challenge Rebalancing toward investment Taxing smarter to motivate investment Rebalancing market and governance structures Recommendations for prosperity Some Taxes are Smarter than Others 28 March 2006 Canada Has High Taxes on Business Investment 29 March 2006 Rebalancing Priorities For Prosperity 30 March 2006 Prosperity perspective 2006 Continuing prosperity and productivity challenge Rebalancing toward investment Taxing smarter to motivate investment Rebalancing market and governance structures Recommendations for prosperity Effective Innovation System Has Pressure and Support Across 3 Components 31 March 2006 Canada Trails Significantly in Business R&D 32 March 2006 Venture Capital Experience in Canada Close to US 33 March 2006 Canada’s Venture Capital Returns Have Been Weak 34 March 2006 Canadian Start-ups Have Weak Access to Management Talent 35 March 2006 Canada Trails in Business Degrees Conferred 36 March 2006 Fiscal Federalism Has Narrowed Regional Income Gaps More in Canada than US 37 March 2006 Regional Gaps in GDP Higher in Canada than US and Not Closing Faster 38 March 2006 Rebalancing Priorities For Prosperity 39 March 2006 Prosperity perspective 2006 Continuing prosperity and productivity challenge Rebalancing toward investment Taxing smarter to motivate investment Rebalancing market and governance structures Recommendations for prosperity Canadians Need to Choose a New Path for Prosperity 40 March 2006 Roger L. Martin Ottawa, March 10, 2006 41 March 2006