I'll focus on one thing that's very close to my heart, which is innovation. I think every country that takes industrial policy seriously has innovative capabilities. In this country we have high-performing universities that do world-class research and we have great companies, but what we haven't done is connect the two together the way the Americans, the Germans and the South Koreans have done with institutional capabilities such as DARPA and NASA in the U.S. and Fraunhofer in Germany.
All this intellectual capital we're producing in Canada does not translate into the economy because we have not created the incentive for it to transfer into our private companies. As long as we don't address this fundamental problem in our science and technology architecture, I believe we're going to have weak performance in productivity.
I've written many papers on this. If members are interested, they can go onto the Business Council's website to get more on this.