Canada Trade And R&D

Canada is consumption billions of dollars separately year on Research & sanies (R&D,) yet we do not realize a meaning(prenominal) return on investment funds funds. This year, Ottawa and the provinces will give $4.7-billion to more(prenominal)(prenominal) than 20,000 Canadian companies under one of the richest R&D value 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 expenditure and high-tech exports - gave Canada a D. It pointed out that, while we have initiative universities, t separatelying hospitals and research institutes, were doing a poor job of bring that science into marketable products - particularly exportable ones. To date the gang of our exports to China and India have been natural resources in a hurt state. The biggest single weakness we have in terms of our productivity in Canada which is n ot good is the R&D ability within industry, and the capacity of Canadian industry to take grant and ideas and innovate. We still are far too dependent on our natural resources being exported in a very allegory state and not sufficiently engaged in the mo 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 billions of tax payers dollars each year.If you want to get a full essay, order it on our website: OrderCustomPaper.com

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