Restrictive rules holding back innovation in the financial sector should be updated to bolster Canada’s productivity. The authors examine the contribution of the financial services sector to Canada’s productivity growth and find it has been underwhelming, considering its potential.
Innovation is the product of intentional human endeavor. Countries seeking world-leading innovative enterprises and industries need to implement thoughtful and effective national innovation systems, and supporting policy instruments, to maximize their innovation potential. Reports here review the innovation systems/policies of GTIPA-member nations.