Canada has moved to the front of the pack in economic performance. In fact, according to the OECD , our economy will grow faster than the G-7 average both this year and next. The changes brought about by this revolution are numerous, profound and irreversible. First, it is global. Free market capitalism has spread to almost every country, and the advances in communications and transportation mean that we buy and sell in one global marketplace.
Globalization is driven by innovation.
Because the globalization revolution is knowledge-based, it is driven by innovation. New technology is part of the innovation I'm talking about. Another part involves investment in people and investment in the institutions that keep our society running well. Innovation is the process by which we turn knowledge into economic value. The companies and institutions represented here know all about innovation.