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Leaning into the windTask Force on Competitiveness, Productivity and Economic Progress
Presentation of Seventh Annual Report at Canadian Business Outlook 2009
Roger L. MartinNovember 25, 2008
1
Creating Conditions for Prosperity
Leaning into the wind
Our prosperity gap
AIMS and a prosperity eco-system
2020 Prosperity Agenda
November 2008
2
The Task Force Mandate
Task Force Mandate
To measure and monitor Ontario’scompetitiveness, productivity, andeconomic progress compared to otherprovinces and US states and to reportto the public on a regular basis
November 2008
3
Task Force Members
ChairmanRoger L. Martin Joseph L. Rotman School of Management
MembersJim Balsillie Research in Motion Ltd.
Timothy Dattels Newbridge Capital
Lisa de Wilde TVOntario
David Folk Jefferson Partners
Suzanne Fortier Natural Sciences and Engineering Research Council
Gordon Homer Gordon J. Homer Advisory Services
David Johnston University of Waterloo
David Keddie National Compressed Air
Mark Mullins Fraser Institute
Tim Penner Procter & Gamble Inc.
Daniel Trefler University of Toronto
November 2008
4
Creating Conditions for Prosperity
Leaning into the wind
Our prosperity gap
AIMS and a prosperity eco-system
2020 Prosperity Agenda
November 2008
5
Ontario’s 2020 Prosperity Agenda Closes The Prosperity Gap
November 2008
6
Ontario Is More Prosperous Than Most International Peers
November 2008
7
Ontario Trails Most of Its North American Peers in GDP Per Capita
November 2008
8
Ontario’s Prosperity Gap Narrowed Slightly in 2007
November 2008
9
Closing The Prosperity Gap Affords Higher Living Standards
November 2008
10
Creating Conditions for Prosperity
Leaning into the wind
Our prosperity gap
AIMS and a prosperity eco-system
2020 Prosperity Agenda
November 2008
11
Task Force Measures Four Components of Prosperity
November 2008
12
Productivity and Intensity Drive Ontario’s Prosperity Gap With North American Peers
November 2008
13
Lower Productivity and Intensity Are The Major Sources of The Prosperity Gap
November 2008
14
Ontario Productivity Trails International Peers
November 2008
15
Leaning into the wind
Our prosperity gap
AIMS and a prosperity eco-system
2020 Prosperity Agenda
Creating Conditions for Prosperity
November 2008
16
AIMS Drives Prosperity; Prosperity Drives AIMS
November 2008
17
Canadians Agree With Many Competition Policy Review Panel Recommendations
November 2008
18
Canadians Agree With Many Competition Policy Review Panel Recommendations
November 2008
19
Canadians Agree With Many Competition Policy Review Panel Recommendations
November 2008
20
…But Some Recommendations Gain Less Support
November 2008
21
Canadian Businesses Under Invest in Productivity Enhancing ICT
November 2008
22
Though Accelerating, Public Investment in Ontario Education Trails US
November 2008
23
Student-Faculty Ratios Are Much Worse in Ontario Universities
November 2008
24
Ontario’s Tax Rate on Business Investment is Among The Highest
November 2008
25
Canada and Ontario Tax System Penalize Services More Than All OECD Countries
November 2008
26
Meeting Green House Gas Emission Targets Has Been a Challenge
November 2008
27
Venture Capital Returns in Canada Are Dismal
November 2008
28
Canada Has 77 Global Leaders
November 2008
29
Few Companies Acquired Since 2002 Were Innovating Global Leaders
November 2008
30
Specialized Support and Competitive Pressure Drive Firms’ Innovation
November 2008
31
Canada Among World Leaders in Manufacturing Management, But Trails US
November 2008
32
Ontario Under Performs Most Peer States; Many Differences Are Not Statistically Significant
November 2008
33
Ontario Manufacturers Have Effective Operations Management Practices
November 2008
34
Ontario Manufacturers Less Successful in Performance Management
November 2008
35
Ontario Manufacturing Managers Under Perform in People Management
November 2008
36
Creating Conditions for Prosperity
Leaning into the wind
Our prosperity gap
AIMS and a prosperity eco-system
2020 Prosperity Agenda
November 2008
37
Creating Conditions for Prosperity
Attitudes
We urge the Premier and business,labour, and community leaders to keepthe volume on the importance ofprosperity and productivityeven in these times of economicuncertainty
November 2008
38
Creating Conditions for Prosperity
Investment
We encourage more investment to upgradetechnology, enhance educational opportunities,and support groups at risk of falling into poverty
Step up investments in information andcommunication technology
Raise awareness among all Ontarians of thebenefits of education
Continue investments in post secondaryeducation
Invest in focused and innovative ways toattack poverty
November 2008
39
Creating Conditions for Prosperity
Motivations
Ontario needs to readdress its tax regime, tomotivate business investment
Pursue the adoption of a value added provincialtax, harmonized with the federal GST
Assess the revenue benefits of a reduction incorporate tax rates
Ensure special tax treatment for LabourSponsored Investment Funds is ended
Consider a revenue neutral carbon tax
November 2008
40
Creating Conditions for Prosperity
Structures
Enhance our market structures to encouragecompetition and stimulate innovation and athome and abroad
Pursue the reduction of barriers to investmentand trade
Continue to expand innovation policy to includebuilding management capabilities
November 2008
41
Path To The 2020 Prosperity Agenda
November 2008
Leaning into the windTask Force on Competitiveness, Productivity and Economic Progress
Presentation of Seventh Annual Report at Canadian Business Outlook 2009
Roger L. MartinNovember 25, 2008