New generation of growth theory has policy lessons for Canada, says C.D. Howe Institute study.
Publication Date: 01-APR-07
Publication Title: C.D. Howe Institute Commentary
Format: Online
Author: Howitt, Peter ; Poschmann, Finn

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Toronto, April 24 -- A new generation of growth theory, based on Joseph Schumpeter's concept of "creative destruction" yields important insights for Canada's economy, according to a study released today by the C.D. Howe Institute. The importance for growth and prosperity of being open to trade and competition is the study's key message to Canadians tempted to protect existing businesses from market forces. In Innovation, Competition and Growth: A...

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