How Can Canada Become a Country of Innovators?

The paper examines a significant step that Canada’s 2017 budget recognized as being necessary to improve the country’s innovation climate. The Canadian government wants to build an innovative nation. The Innovation and Skills Plan, which focuses on issues like skills, research, technology, and commercialization, will help Canada overtake the rest of the world as the leader in innovation. The Canadian government ought to be able to assist all citizens and spend money on cutting-edge talent.

Canada is dealing with numerous difficulties in a number of areas, including productivity, internal trade, competition, and competitiveness. Given that there has been merging of the global economy with the knowledge-based economy which Canada has not been able to achieve, the outcome is globalization challenge within its industries. The problems can get solved by the help of a knowledge-based economic policy which can be made through innovation; innovative activities need to be introduced given that the world has become dynamic and it’s continuously evolving. Creative activities will guarantee an increased economic growth and a stimulated global economic competitiveness.

Additionally, the knowledge-based economic policy will ensure the economic growth is enhanced, and the prosperity and well-being of Canadians upheld.

In the 2017 budget, the Canadian government presents its innovation and skills plan that emphasizes on citizens and tackles the economy’s changing nature to guarantee it satisfies all Canadians. The objective of the plan is to make Canada the leading innovation economy globally, create employment opportunities, and improve the lives of the middle-class. Innovation is accelerated with the presence of individuals who are skilled, talented, and creative. Despite Canada having the best-workforce globally, the fact that the global economy is increasingly competitive requires more input to be made to guarantee that Canadians are able to learn, adapt, and secure decent employment throughout the time they are employed.

CONSIDERATIONS

This note aims at addressing key measures such as the innovation and skills plan which can help in transforming Canada into a Nation of Innovators.

Canada strives to become a global innovation leader; therefore, there is a need for the Government guarantee that the services it offers fully fulfill the prerequisites innovators and job creators of Canada. Through the Innovation and Skills Plan, Canada is likely to be the best in innovation globally. The innovation and skills plan revolves around aspects such as skills, research, technology, and commercialization.

Throughout history, Canada is known to be supported by its adequate natural resources, and a broad population that is resourceful and well-educated. Transforming Canada to a Nation of Innovators will require that the government invests in its people and the value they add to the economy. The plan targets various areas which emphasis on increasing job opportunities and the economic growth.

Innovation is driven by people and transpires if individuals that have the skills and are smart and creative tackle a challenge delivering a solution that is new and inventive. To be a Nation of Innovators, Canada must have the most intelligent, highly experienced, and creative employees. All Canadians need to be given a chance to contribute and benefit from innovation; therefore there is need of establishing an economy that is innovative and open to all people. By providing all people an opportunity to learn, work and assist in growing the economy, then the Innovation and Skills Plan will be sustained.

The working environment keeps changing, Canadian employees need to be supported and given a chance learn and enhance their skills; this will ensure more people are maintained within the workforce, and the economy is increased. The next generation of the workforce should be assisted to secure employment; having enough workers strengthens the economy. Canadians should take a collective responsibility of being ready to learn throughout life regardless of their age or position they hold in their places of work. Innovations is a continuous process hence the need for lifelong learning, assist the young secure employment and implements the latest skills they have learned, and be easy to adapt to the changing working environment.

RECOMMENDATION

For Canada to be a Nation of Innovators Canadians need to be assisted secure new and better employment, those in the working force should be ready to always upgrade their sills, Canadians who are unemployed should be encouraged to look for further training through employment insurance, increasing employment strategy among the youths, and the government should invest in innovating skills. Helping more Canadians secure employment entails giving career counseling, skills training and assisting the real job search all aimed at improving the capabilities of the target audience. The working adults should take advantage of various programs offered by the government training supports and study loans to acquire new innovative skills. Canadians who are not employed receive Employment Insurance benefits which they become illegible once they go back to school. Therefore, they should be assisted acquire training to make it essay for them to get jobs that are well paying. The Canadian government in partnership with private sectors and learning institutions need to invest in the innovation of skills. They should be able to recognize the skills the Canadian employees need, discover innovative tactics to the development of skills, and share information that can help update investments skills.