Buy-buy Nortel, Bye-bye Canadian R&D spending
June 22, 2009
The international competition for R&D is extreme (source).
- China’s R&D spending has grown by 22 per cent a year since 1996.
- Australia spends 2 per cent of GDP on research and development, having grown 8 per cent a year since 1996. Not satisfied with this, government recently released its innovation policy agenda to 2020.
- Austria, Denmark, Germany, Iceland, Switzerland, Taiwan, and the United States spend more than 2.5 per cent.
- Finland, Japan, South Korea, and Sweden spend more than 3 per cent.
- Israel spends more than 4 per cent.
Sure I’ll give you innovative thinking. What are the guidelines?
Canadian industry research spending in 2007 was only 1.03 per cent of the country’s GDP, putting Canada in 12th place among the industrialized nations. According to Statistics Canada, the private sector spent $16.3 billion on R&D in 2008, up slightly from $16.1 billion in 2007 (source). The majority of the private sector investment in R&D is actually done by a small handful of companies: in 2007 the top two private R&D investors spent more on R&D than the next eight investors combined (source). Those top two were Nortel and BCE.
More troubling, R&D spending by Canadian businesses has been decreasing since 2002 (source).
University of Toronto President David Naylor recently addressed the Economic Club of Canada on May 14, 2009. Naylor is worried that Canada is still falling behind in many innovation metrics. He thinks research-intensive universities need to step up to fill this troubling gap. He also argues that ongoing misunderstandings of the role of government, business, and universities in innovation, which he discussed in his speech.
Now that Nortel is being broken into a million little pieces, what will happen to Canadian R&D spending?
Opinion: Why the US and Europe must stand together
President Obama’s trip to Europe is an opportunity to build on the vision he outlined in his West Point speech last week, and to set out a plan to renew the transatlantic relationship. This backbone of an alliance of liberal democracies across the globe, and the foundation of the post-war order, faces fresh challenges today. Over the past few years, though, this alliance has suffered from neglect which is troubling, as the inexorable triumph of liberal democracy is not inevitable – it requires constant work and vigilance.
Global Progress: Making Progressive Politics Work
“Making Progressive Politics Work: A Handbook of Ideas” is a collection of essays from the organizations and thinkers that are a part of Global Progress, an international exchange of ideas that will fuel the creation and implementation of progressive policies around the world. The handbook, organized and published by the U.K.-based Policy Network. Divided into two sections – Future Wealth Creation, and Jobs, Wages and Skills of the Future – the publication is required reading for Canadian progressives.
Analysis: Who is Matteo Renzi?
At just 39 years of age, Matteo Renzi became Italy’s youngest-ever prime minister in late February. The dramatic events that led to this meteoric rise are nothing new for Renzi. Over the course of his relatively short political career, the former lawyer and regional counselor earned the nickname “il Rottomatore”—meaning “the bulldozer” or “the demolition man”—thanks to his reputation for taking on the establishment and pushing through political reforms.
Opinion: It’s not unemployment, it’s underemployment
As short as 20 years ago, our combined attainment of education, work experience, and connections would place many young Canadians on a secure career track that would allow us to pay back our loans, save for a house, and contribute to the overall productivity of this great country. Today, that’s more or less not the case, and an increasing number of young Canadians are caught in a veritable limbo state of underemployment.
August 15, 2013
Summer Reading: 10 infographics you should see
We love infographics at Canada 2020 – and there’s no better time to browse and read them then over the long summer office hours.
Here’s 10 online features from The Guardian, The Economic Policy Institute, The White House and more than you should catch up on. Topics include tracking and comparing national carbon outputs, measuring exactly how inequality is rising in North America and answering what makes Canadians sick.