An Entrepreneurial Canada? Understanding Canada’s Chronic Lack of Innovation and How We Can Fix It”

September 15, 2020

As the Canadian economy recovers from the devastation wrought by the COVID-19 pandemic and subsequent lockdown, Canada’s ability to return to normal quickly depends upon our ability to lead as innovators. Yet we also face a significant hurdle to achieving a full recovery – namely, Canada’s persistent lagging when it comes to innovation.

In MLI’s new report, titled “An Entrepreneurial Canada? Understanding Canada’s Chronic Lack of Innovation and How We Can Fix It,” Munk Senior Fellow Philip Cross makes the case that Canada’s failure to foster innovation comes down to a failure to embrace “creative destruction” – that is, the process of economic transformation whereby the old systems and structures of the economy are destroyed as new systems are introduced.