Canada Trade And R&D

Canada is consumption billions of dollars separately year on Research & ichor (R&D,) yet we do not realize a purposeful return on investment funds. This year, Ottawa and the provinces will care $4.7-billion to to a greater extent(prenominal) than 20,000 Canadian companies under one of the richest R&D pass judgment regimes in the world. But a third or more of that cash is being wasted and paid to consultants as a result of hazy rules on whats legitimate R&D and limited government auditing resources. R&D disbursal and high-tech exports - gave Canada a D. It pointed out that, while we have beginning(a) universities, teaching hospitals and research institutes, were doing a poor job of scarper that science into marketable products - particularly exportable ones. To date the heap of our exports to China and India have been natural resources in a acidulous state. The biggest single weakness we have in terms of our productiveness in Canada which is not good is the R&D aptitude within industry, and the capacity of Canadian industry to take give way and ideas and innovate.

We still are far too dependent on our natural resources being exported in a very wise state and not sufficiently engaged in the instant economy, which is adding value to both goods and services to compete with the rest of the world, states regulator General David Johnstone. Clear rules on what is considered legitimate R&D must be established and a greater investment into government auditing resources must be made to realize a greater return on investment for our R&D and to justi fy spending billions of tax payers dollars e! ach year.If you want to get a full essay, order it on our website: OrderCustomPaper.com

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