“Our strategy of selling raw natural resources doesn’t make a lot of sense...”
“We no longer can actually produce the basic things we need in order to survive under pandemic, and we cannot count on global production networks to do that in times of crisis.”
“Our strategy of selling raw natural resources doesn’t make a lot of sense. We need to have the capability of developing more finished goods ourselves.” Breznitz said Canada lacks policies aimed at creating more small- and medium-sized enterprises and then helping them grow, particularly when it comes to access to capital in the early stages before investments from venture capitalists.
“It’s expensive and each province has its own little quirks. So, it’s actually easier to sell to the whole United States.” Others are commercializing those ideas, said Breznitz, pointing to large multinationals that have ramped up operations in Canada including Facebook and Google. The need for economic support and opportunities is even more pronounced in rural communities, where Breznitz said the lack of investment has been “catastrophic.”
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