TORONTO—Canada is selling off its future—and we will pay a big price in lost jobs, in lost exports, in lost innovation, in lost productivity, in lost wealth creation to finance our healthcare and education, and in lost potential. In fact, we already are, leaving us ill-prepared for the new world of knowledge competition and data ownership.
But, as Ciuriak argues, firm size is not the relevant issue when “the important factors for the economy are the intellectual property controlled by the foreign firms, the implications of the foreign investment for freedom to operate for Canadian firms, the connectedness of target firms within the Canadian innovation ecosystem, the importance of the nodes they occupy in the ecosystem, the value of their data as a capital asset, and as a risk factor for national security, and their AI...
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