In what has become an annual tradition, the Canadian Chamber of Commerce is presenting its list of the Top 10 Barriers to Competitiveness in 2016.
The concept behind the Top 10 is simple: in a fiercely competitive world, business needs more than its own skills to win—it also needs supportive public policies. Their annual list of barriers points to economic hurdles of our own making, self-imposed limits on the growth of Canadian businesses.
The report not only includes the barriers to competitiveness but also “the way forward”, a section with ideas for tearing down those barriers. You can download the report here.
In summary, here are the top 10 barriers to competitiveness as outlined by the Canadian Chamber of Commerce:
- Public policies block small companies from becoming bigger
- Canada is vulnerable to cyber crime
- Canada’s trade agenda—new agreements are just the start
- Canadian resources cannot get to the world markets
- Poor literacy, numeracy, and digital skills are limiting productivity in segments of Canada’s workforce
- Canada needs a more aggressive and effective innovation strategy
- Canada is not ready for climate change
- Internal barriers to trade cost Canadians billions and restrict investment
- Lack of clarity regarding businesses’ responsibilities to Aboriginal peoples constrains investment
- Canada’s brand does not support business competitiveness