Canada Economy

Concerns over Canada's ability to compete in the global economy persist despite its relatively improved economic performance in recent years. The key to success in this global economy lies in our capacity to innovate and the capacity to sustain those innovations. The challenge of competing in a global, knowledge-based economy accentuates our need to understand how the innovation process operates in the context of Canada's diverse regional economies. Attempts to understand the nature of the innovation process, and to develop policy to support it, which are exclusively at the national level may founder on this problem of diversity. Policy and analysis in Canada, based on an innovation systems approach, must take into account the economic and social differences among the regions. Innovation, Institutions and Territory explores the influence of regional culture and institutions on innovation in Canada. The authors begin with a discussion of conceptual issues underlying analysis of the innovation process in a regional setting and then turn to an examination of Canada's research infrastructure, a factor that strongly influences the innovative potential of regions across the country. Finally, case studies focusing on Quebec and British Columbia provide a detailed picture of the strengths and gaps of individual regional innovation systems.

In the increasingly global economy, domestic tax policies have taken on a new importance for international economics. This unique volume compares the tax reform experiences of Canada and the United States, two countries with the world's largest bilateral flow of trade and investment. With the signing of the U.S.-Canada Free Trade Agreement and the tax reforms of the 1980s, there has been some harmonization of tax systems. But geographic, cultural, and political characteristics shape distinct national social policies that may impede harmonization. As the U.S. and Canadian economies become even more integrated, differences in tax systems will have important effects, in particular on the relative rates of economic growth. Scholars from both countries examine the extent to which conformity between these national programs has taken place, focusing on tax reforms of the 1980s, and assess the effects over the long term. The authors carefully consider the policy environment in which social programs are established and implemented, including such aspects as property rights, incentive structures, the degree and kind of economic freedoms, and the systems of private and public decision making. By comparing these environments, the authors show that certain aspects of the tax systems of Canada and the United States are converging, while in other respects they are diverging. For instance, both countries exhibit similar corporate tax structures and income tax systems, but they have very different approaches to sales taxes and social security taxes. Another interesting conclusion from these investigations is that although tax policies differ, outcomes are often quite similar. For example, they generateroughly the same amounts of revenue, produce similar costs of capital, and produce comparable distributions of income.

Economy of Canada - Canada is one of the world's wealthiest nations, a member of the OECD and G7. As with other first world nations, the Canadian economy is dominated by the service industry, which employs about three quarters of Canadians.

Economy of Saint-Pierre and Miquelon - The Economy of Saint Pierre and Miquelon possesses the feature that the inhabitants have traditionally earned their livelihood by fishing and by servicing fishing fleets operating off the coast of Newfoundland. The economy has been declining, however, because of disputes with Canada over fishing quotas and a steady decline in the number of ships stopping at Saint Pierre.

Western Economic Diversification Canada - Western Economic Diversification Canada is a Canadian government agency responsible for improving the economy of Western Canada both locally and nationally.

Metrication in Canada - Canada has converted to the metric system for many purposes. However there is still significant use of non-metric units and standards in some sectors of the Canadian economy, mainly due to historical ties with the United Kingdom (prior to its metrification), the traditional use of the Imperial system of measurement units in Canada, and close proximity to the United States.

canadaeconomy

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