Prospects for Ontario’s prosperity Annual Report 10 - November 2011

Ontario’s productivity and prosperity gap with other advanced economies persisted through the last decade

Looking back over the past decade, the Task Force on Competitiveness, Productivity and Economic Progress concludes that Ontario has achieved more in the public policy arena than in the business sector. Looking ahead, the Task Force urges businesses and individuals to act relentlessly to spur innovation and productivity to achieve the 2020 Prosperity Agenda.

This is the key conclusion of the Tenth Annual Report, Prospects for Ontario’s prosperity: A look back and a look ahead, released today by the Task Force on Competitiveness, Productivity and Economic Progress.

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Today’s innovation, tomorrow’s prosperity - Institute for Competitiveness and Prosperity

Today’s innovation, tomorrow’s prosperity Annual Report 9 - November 2010

As the economy slowly recovers from the recession, we need to do what is necessary to achieve a solid recovery in the short term and to begin repairing our provincial fiscal situation. But our long-term challenge remains – raising our productivity, which is synonymous with improving our innovation capabilities and performance. Robust innovation results can be achieved through more key business investments and by the right government policies and strategies for innovation.

The Report concludes that businesses need to step up their investments in technology – from R&D to patents to adapting existing technology to their businesses. Equally important is the ongoing need to develop stronger management capabilities in our businesses. The Task Force also recommends that governments improve their innovation polices by shifting their efforts from new-to-the-world inventions to relevant-to-the market innovations.

These are the key conclusions of the Ninth Annual Report, Today’s innovation, tomorrow’s prosperity, released today by the Task Force on Competitiveness, Productivity and Economic Progress.

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Navigating through the recovery - Institute for Competitiveness and Prosperity

Navigating through the recovery Annual Report 8 - November 2009

While the impact of the recent recession has been devastating, the Task Force, like all Ontarians, is hopeful that the worst is behind us and that Ontario is on the road to recovery. Our challenge is to navigate through this recovery, whenever it occurs, ensuring that the recession’s damage is short lived while keeping our eye on a long-term Prosperity Agenda for Ontario.  This is the key conclusion of the Eighth Annual Report, Navigating through the recovery, released today by the Task Force on Competitiveness, Productivity and Economic Progress.

The Task Force, a group of industry and academic leaders, chaired by Roger Martin, Dean of the Rotman School of Management, was established in 2001 to stimulate businesses, governments, educational institutions, and individuals to increase the pace of innovation and competitiveness. That will ensure a continuing increase in our standard of living.

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Leaning into the wind - Institute for Competitiveness and Prosperity

Leaning into the wind Annual Report 7 - November 2008

As Ontario and the rest of the world head into significant economic headwinds, Ontarians need to address our current challenges, through belt tightening and retreating from initiatives that are not working.  But, this is not the time for attitudes that encourage insularity and the preservation of the status quo.  Investing in Ontario’s future prosperity has to be an important part of our reaction to the current economic climate.  This is the key conclusion from the Seventh Annual Report, Leaning into the wind, released today by the Task Force on Competitiveness, Productivity and Economic Progress at the Canadian Business Outlook 2009 Conference.

The Task Force, a group of industry and academic leaders, chaired by Roger Martin, Dean of the Rotman School of Management, was established in 2001 to stimulate businesses, governments, educational institutions, and individuals to increase the pace of innovation and competitiveness. That will ensure a continuing increase in our standard of living.

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Path to the 2020 Prosperity Agenda - Institute for Competitiveness and Prosperity

Path to the 2020 Prosperity Agenda Annual Report 6 - November 2007

As Ontario’s Government begins its new mandate, it has a great opportunity to redouble its efforts at tackling a Prosperity Agenda to reach Ontario’s economic potential by 2020.  Ontario is one of the most prosperous and competitive jurisdictions in the world, especially among those outside North America.  But we’re not living up to our full potential, and Ontarians need to shift their attitude from a collective complacency to a shared determination to achieve this potential.  The Task Force on Competitiveness, Productivity and Economic Progress in its Sixth Annual Report, Path to the 2020 Prosperity Agenda, released today at the Canadian Business Outlook 2008 Conference, proposes the 2020 Prosperity Agenda as a way of invigorating the debate.

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Agenda for our prosperity - Institute for Competitiveness and Prosperity

Agenda for our prosperity Annual Report 5 - November 2006

Ontarians need to shift their attitude from a collective complacency to a shared determination to close the prosperity gap the province has with other leading North American jurisdictions. With a provincial and a likely federal election in 2007, Ontarians will have the opportunity to discuss and debate the importance of the prosperity gap and ways to narrow it. The Task Force on Competitiveness, Productivity and Economic Progress in its Fifth Annual Report, Agenda for our prosperity, released today at the Canadian Business Outlook 2007 conference, proposes a prosperity agenda as a way of invigorating the debate.

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Annual Report 5

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Rebalancing priorities for prosperity - Institute for Competitiveness and Prosperity

Rebalancing priorities for prosperity Annual Report 4 - November 2005

Ontarians need to rebalance our economic priorities and policies by investing more today if we want to achieve our full economic potential and prosperity in the future. That is the conclusion of Rebalancing priorities for prosperity, the Fourth Annual Report of the Task Force on Competitiveness, Productivity and Economic Progress in its Fourth Annual Report, released today at the MaRS Centre in Toronto.

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Annual Report 4

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Realizing our prosperity potential - Institute for Competitiveness and Prosperity

Realizing our prosperity potential Annual Report 3 - November 2004

Ontario has the potential to achieve prosperity that matches results in the most vibrant economies in the world if its governments, businesses and individuals act on a set of ambitious recommendations made by the Ontario Task Force on Competitiveness, Productivity and Economic Progress. The Task Force argues that Ontario can close the prosperity gap and realize its full economic potential.  The key to this is higher productivity – the increased capability of Ontarians to add more value to the physical, human, and capital resources in the province.  Last year, in its Second Annual Report, the Task Force concluded that more investment is an important element in raising productivity. This year’s report sets out areas where that investment is required. For businesses, it means larger investments in machinery, equipment and software; for governments, it means striking the right balance between spending on current consumption, such as health care and social services and investing for future prosperity, such as infrastructure and education; for individuals, it means investing more in themselves, such as in higher educational achievement.

The Task Force also observes that Ontario’s market structures provide inadequate specialized support and competitive pressure to firms and individuals. Ontario’s industries are not benefiting from the kind of specialized support – such as university/industry collaboration and specialized research and training – that creates world-class advantage for companies and workers.  Nor does Ontario have the structures that fuel the intense competitive pressure that comes from strong firm rivalry and sophisticated and demanding customers.  Without this pressure to succeed, Ontario’s firms and industries will not strive to be counted among the best in the world.

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Annual Report 3

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Investing for Prosperity - Institute for Competitiveness and Prosperity

Investing for Prosperity Annual Report 2 - November 2003

Ontario has a 10 percent prosperity gap against the leading US states because individuals, businesses, and governments invest less than our counterparts in these states. To close the gap Ontario needs to reverse the widening pattern of under investment that limits our potential for productivity gains. This is the key conclusion from the Ontario Task Force on Competitiveness, Productivity and Economic Progress. The government-appointed group of industry and academic leaders, chaired by Roger Martin, Dean of the Rotman School of Management identifies under investment in education, machinery and equipment, our cities, and processes for the economic integration of our immigrants. The Task Force makes recommendations for breaking out of today’s under investment trap to ensure we are investing for tomorrow’s prosperity. In addition, it sets out its research priorities for the coming year that will identify further initiatives to raise prosperity and living standards across the province.

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Annual Report 2

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Closing the Prosperity Gap - Institute for Competitiveness and Prosperity

Closing the Prosperity Gap Annual Report 1 - December 2002

Ontario is at a crossroads in its economic development. The province can be satisfied with being a solid player, or it can aspire to be one of the handful of outstanding economic regions in the world setting. This challenge was issued today by the Ontario Task Force on Competitiveness, Productivity and Economic Progress, a group of industry and academic leaders appointed by the Premier and chaired by Roger Martin, Dean of the Rotman School of Management. In its First Annual Report, the Task Force urged Ontarians to seek a place among the leading regions and presented four recommendations to begin the process of achieving this goal.

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Annual Report 1

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