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David Dodge, governor of the Bank of Canada, weighed in to explain Canadian productivity stagnation by saying, among other things, that companies and the public sector are too slow to adopt new technologies and business practices. (Full TorStar story here: Canada a technology laggard, Dodge says.)
Invest in skills to raise productivity. Adopt new technologies and business practices to raise productivity. Revelation, for sure. The bigger questions that go unanswered -- by anyone, not just Dodge -- might include:
1. Why, if this causal string leads back to investment in education and skills and to adoption of new technologies/business practices, isn't it being done?
2. Who should blink first: government or business. Au courant thought would suggest that government should not. After all, free market good; government intervention bad.
3. Who will be most affected by these choices, and where is their voice?
4. Why are we Canadians talking about this so much but ultimately doing so little? Well, OK, that's self-evident -- at least at the most facile level.
Posted by Grayson at March 31, 2005 07:16 AM