Dr. Ian Lee at the Industry, Science and Technology Committee

On May 3rd, 2023. See this statement in context.

May 3rd, 2023 / 5:15 p.m.

Associate Professor, Sprott School of Business, Carleton University, As an Individual

I haven't looked at CFIUS, but I want to respond in a slightly different way because of the way I've been teaching the strategy course for some 30 years. I've increasingly turned away from theory. I'm not putting down theory. Theory is very important, but I'm increasingly evidence-based. Let's look at the data. What is the actual data saying? Look at the actual FDI flow. It's not my opinion. It's the actual flow.

C.D. Howe put out a wonderful paper about a year ago called “Decapitalization”. They have the comparative metrics normalized to share of GDP for investment FDI, Canada versus the States, and—

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