2.1.1 Innovation, Science and Economic Development Canada
Completion requirements
Innovation requires government investments of money, time, and intellectual capital. For example, governments can provide tax relief (money), facilitate regulatory requirements (time), or remove the restrictions that discourage innovative immigrants from coming
to Canada (intellectual capital).
Innovation, Science and Economic Development Canada (ISED) works with Canadians to improve conditions for investment and enhance Canada's innovation performance.
But it is not enough.
Innovation, Science and Economic Development Canada (ISED) works with Canadians to improve conditions for investment and enhance Canada's innovation performance.
But it is not enough.
In Canada, investment in innovations often comes from other countries. Between 1990 and 2010, direct foreign investment in Canada more than doubled. In 2017, Canada invested more money abroad than it attracted.
To encourage economic growth, Canada should continue to invest in other countries, but also it should institute policies to encourage greater domestic investment. When Canada invests in other countries, reciprocity results, stronger international relationships result, and the economies of both countries thrive. When Canada invests domestically, she puts her money where her mouth is, and shows the world we can compete globally.