VANCOUVER—If governments in Canada want to encourage innovation and entrepreneurship (and increase the possibility of a four-day work week), they should eliminate trade barriers, ease restrictions on foreign investment, lower taxes and reduce regulation, finds a new essay released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
“Rates of entrepreneurship have been declining in Canada, and given the close link between entrepreneurship and productivity growth, if policymakers across the country want to increase productivity, they should enact policies that better incentivize new business ventures,” said Russell S. Sobel, professor of economics and entrepreneurship at The Citadel and author of Enhancing Productivity Growth by Encouraging Entrepreneurship.
