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| Institute for Competitiveness and Prosperity | |
|---|---|
| Name | Institute for Competitiveness and Prosperity |
| Formation | 2008 |
| Headquarters | Toronto |
| Region served | Ontario |
| Leader title | President |
Institute for Competitiveness and Prosperity is a Canadian policy research organization founded in 2008 in Toronto, Ontario, focused on productivity and growth issues. The institute engages with stakeholders in Toronto Metropolitan University, University of Toronto, Queen's University at Kingston, McMaster University and provincial policymakers in Ontario while interacting with national actors such as Innovation, Science and Economic Development Canada, Bank of Canada, Statistics Canada and international bodies like the Organisation for Economic Co-operation and Development, World Bank, International Monetary Fund.
Founded in 2008 during a period of attention to competitiveness after the 2008 financial crisis, the organization emerged amid discussions involving the Ontario Chamber of Commerce, Business Council of Canada, Canadian Manufacturers and Exporters, Toronto Board of Trade and figures from McKinsey & Company, Deloitte, KPMG and PwC. Early leadership included former public servants and academics associated with University of Toronto Scarborough, Ryerson University and Queen's University, and the institute's inception was shaped by commissions and reports such as those by the G20 leaders, the Conference Board of Canada and provincial reviews undertaken by ministries in Ontario Ministry of Finance and the Ministry of Economic Development, Job Creation and Trade (Ontario). Over time the institute's trajectory has intersected with debates connected to the North American Free Trade Agreement, the Canada–United States–Mexico Agreement, regional responses to the Great Recession (2007–2009), and policy networks including Canada Foundation for Innovation and Federation of Canadian Municipalities.
The institute states objectives aimed at improving competitiveness and prosperity for Ontario through research, advice and outreach that aligns with priorities from the Council of the Federation, Premiers of Canada, Ministry of Health (Ontario), Ministry of Education (Ontario), Ontario Ministry of Labour, Training and Skills Development and municipal partners such as the City of Toronto. Its mission emphasizes productivity improvements referenced against benchmarks from the Organisation for Economic Co-operation and Development, Statistics Canada, International Labour Organization and comparative regions including California, Bavaria, Scandinavia and British Columbia. Objectives include informing policy debates similar to those pursued by think tanks like the C.D. Howe Institute, Fraser Institute, Institute for Research on Public Policy and advocacy groups such as the Canadian Federation of Independent Business.
Governance is typically through a board of directors drawing from corporate sectors represented by the Business Council of Canada, academic sectors from University of Waterloo, Western University, McGill University and former public servants from institutions such as the Privy Council Office, Ontario Public Service, Canada Revenue Agency and provincial agencies including Infrastructure Ontario. Leadership positions often include executives with backgrounds at Ontario Teachers' Pension Plan, Royal Bank of Canada, BMO Financial Group, Scotiabank and consulting firms like Accenture and Boston Consulting Group. Advisory councils have featured scholars affiliated with Harvard University, Massachusetts Institute of Technology, London School of Economics, University of Chicago and policy practitioners from Organisation for Economic Co-operation and Development and World Economic Forum.
Research programs cover themes such as productivity measurement using data from Statistics Canada and case studies on sectors including automotive, financial services, ICT, manufacturing, healthcare and education. Publications have included research reports, evidence reviews and policy briefs comparable to outputs of the Conference Board of Canada, C.D. Howe Institute and Institute for Research on Public Policy, and have cited international comparisons with Germany, Japan, United Kingdom, United States and Australia. The institute has published indices and scorecards inspired by methodologies from OECD Productivity Statistics, World Bank Doing Business, Global Competitiveness Report and academic journals such as The Canadian Journal of Economics and Harvard Business Review.
The institute has informed provincial debates around fiscal policy and competitiveness alongside actors including the Ontario finance minister, Premier of Ontario, Legislative Assembly of Ontario, Ontario Auditor General and policy forums like the Munk Debates and Toronto Global. Its work has been cited in analyses by media outlets such as The Globe and Mail, National Post, CBC News and by parliamentary committees in the House of Commons of Canada and provincial legislative committees. The institute has engaged with labour organizations including the Ontario Federation of Labour and employer groups such as the Ontario Chamber of Commerce in public consultations analogous to processes used by the Canada–United States–Mexico Agreement negotiators and provincial regulatory reviews.
Funding and partnerships have involved corporate sponsors from sectors represented by Ontario Power Generation, Hydro One, Canadian Natural Resources Limited, Manulife Financial, RBC, TD Bank Group and philanthropic partners including Project Hope, Atkinson Foundation, Trillium Foundation and research collaborations with universities like University of Toronto and institutes such as the Canadian Institute for Advanced Research. The institute has also received support for projects from federal programs administered by Innovation, Science and Economic Development Canada and provincial grant mechanisms similar to those of the Ontario Trillium Foundation and has partnered with international organizations including the World Bank and Organisation for Economic Co-operation and Development for comparative work.
Critiques have focused on perceived alignment with corporate sponsors similar to concerns raised about the Fraser Institute and C.D. Howe Institute, and on methodological choices in scorecards critiqued by academics from University of Toronto, York University, Queen's University and policy analysts at Canadian Centre for Policy Alternatives and Broadbent Institute. Controversies have included debates over policy prescriptions touching on labour standards contested by the Ontario Federation of Labour and positions challenged in op-eds in The Globe and Mail and hearings before provincial committees in the Legislative Assembly of Ontario.
Category:Think tanks in Canada