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Nurturing Global Growth Companies: Time For A New Policy Toolkit

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  • Pierre Lortie

    (Dentons Canada LLP)

Abstract

Canada’s declining position in the Global Competitiveness Index, the lower productivity of Canadian companies compared to U.S. firms and the low ranking of Canadian companies in the Global Innovation Index, despite the strengths of our scientific community and the quality of its scientific research, suggest that Canadians have not mastered the alchemy of transforming “knowledge into money.†Key drivers of such a transformation in industrialized economies are high-growth and globally competitive technology companies. These so-called “gazelles†contribute disproportionally to job creation, economic growth, innovation and productivity improvement. Canada underperforms in the creation of these firms, and recent trends are not promising.

Suggested Citation

  • Pierre Lortie, 2019. "Nurturing Global Growth Companies: Time For A New Policy Toolkit," SPP Research Papers, The School of Public Policy, University of Calgary, vol. 12(27), September.
  • Handle: RePEc:clh:resear:v:12:y:2019:i:27
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    References listed on IDEAS

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