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Corporate welfare: Now a $182 billion addiction

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Corporate welfare: Now a $182 billion addiction

An update on corporate welfare: $182 billion and climbing. When the Fraser Institute published the first study on corporate welfare one year ago, the tally between April 1, 1994 and March 30, 2004 amounted to $144 billion. That was the amount Canadian governments distributed to businesses in the form of subsidies from federal, provincial, and municipal treasuries (i.e., taxpayers) over the 10-year period. One year later, and with two more years of data available, that figure has climbed to over $182 billion for the 12 years between 1994 and 2006.


By Fraser Institute , Canada.


Business Policy Resource.


Canadian Provincial Investment Climate: 2008 Report

Canadian Provincial Investment Climate: 2008 Report

The allocation of investment capital, both internationally and domestically, is increasingly acknowledged as a leading contributor to a jurisdiction’s economic success or failure. It is, therefore, critical to have objective, empirical measurements that document differences in investment climates. The Provincial Investment Climate Index is an important step toward creating empirical measurements of investment climates since it quantitatively evaluates public policies that create and sustain positive investment climates.


By Fraser Institute , Canada.


Business Policy Resource.


Increased foreign investment provides Canadian consumers with lower prices and higher wages

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Increased foreign investment provides Canadian consumers with lower prices and higher wages

VANCOUVER, BC—Increased foreign investment and foreign business activity in Canada leads to lower prices for consumer goods, greater choice, better quality goods and services, and higher wages, according to a new paper by economists with independent research organization The Fraser Institute.


By Fraser Institute, Canada.


Business Policy Resource.


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The Benefits of Foreign Business Activity in Canada

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The Benefits of Foreign Business Activity in Canada

There has been increasing interest in the broad issue of foreign business activity in Canada. This heightened interest has been facilitated by the purchase of foreign companies of several large Canadian firms including Falconbridge, INCO, Molson, Stelco, and Hudson's Bay Company. To address concerns regarding foreign business activity in Canada, the federal government recently announced the creation of a Competition Policy Review Panel to evaluate domestic laws governing foreign investment and competition.


By Fraser Institute, Canada.


Business Policy Resource.


"A call for a culture of values, not just rules - from the corner office to the boardroom"

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"A call for a culture of values, not just rules - from the corner office to the boardroom". From the Enron scandal in 2001 to the uproar over NYSE Chairman Dick Grasso?s pay package in the fall of 2003, markets have been roiled and confidence shaken by portraits of corporate greed. From Paris, in this exclusive for Policy Options, OECD Secretary-General Don Johnston considers means of improving corporate governance among his 30 member countries, notably in North America and the European Union (EU). Executive compensation is the tail of the dog, not the dog, he reminds us, adding that improvements lie beyond legislation and regulation, and even beyond eliminating egregious conflicts of interest and bolstering the independence of outside directors. At the end of the day, there is no substitute for a culture of values, nor for professional and ethical management of corporations.

 

By IRPP, Canada.

Business Policy Resource.