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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
10
Creating Conditions for Prosperity
Leaning into the wind
Our prosperity gap
AIMS and a prosperity eco-system
2020 Prosperity Agenda
November 2008
12
Productivity and Intensity Drive Ontario’s Prosperity Gap With North American 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
32
Ontario Under Performs Most Peer States; Many Differences Are Not Statistically Significant
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