Canada Trade And R&D

Canada is consumption billions of dollars separately year on Research & ichor (R&D,) yet we do not realize a significant return on investing funds. This year, Ottawa and the provinces will circulate $4.7-billion to more(prenominal) than 20,000 Canadian companies under one of the richest R&D valuate 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 outgo and high-tech exports - gave Canada a D. It pointed out that, while we have initiatory universities, t from each oneing hospitals and research institutes, were doing a poor job of execute that science into marketable products - particularly exportable ones. To date the passel of our exports to China and India have been natural resources in a smart state. The biggest single weakness we have in terms of our productiveness in Canada which is not good is the R &D cogency within industry, and the capacity of Canadian industry to take ease up and ideas and innovate.

We still are far too dependent on our natural resources being exported in a very legend state and not sufficiently engaged in the min economy, which is adding value to both goods and services to compete with the rest of the world, states governor 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 justify spending billio ns of tax payers dollars each year.If you wa! nt to get a full essay, order it on our website: OrderCustomPaper.com

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