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Competitiveness Institute Reviews Ontario's Industry Clusters
The Institute for Competitiveness and Prosperity — the research arm of Ontario's Task Force on Competitiveness, Productivity and Economic Progress — has released a comprehensive view of Ontario's industry clusters, showing for the first time how they compare with similar clusters in other provinces and U.S. states.
A View of Ontario: Ontario's Clusters of Innovation serves as the Institute's first Working Paper on Ontario's competitiveness, productivity and economic progress. It draws on the analytical approach of Harvard Business School's Michael Porter and is the result of collaboration with the Institute for Strategy and Competitiveness at Harvard.
The paper shows Ontario to have an above average share of its employment in traded clusters, led by business services, financial services, and the automotive industry. It further compares Ontario's top 10 clusters with those of Alberta, Michigan, Illinois and Massachusetts and profiles additional clusters, including pharmaceuticals and biotechnology.
Building on research from Statistics Canada, the paper points to three possible causes for sluggish income growth — low productivity, not enough people working in high-productivity jobs, and a poor record of innovation and upgrading by industry.
A View of Ontario: Ontario's Clusters of Innovation is available at: http://www.competeprosper.ca/public/wp01.pdf