According to Michael Porter, a Harvard University expert on international competitiveness, Canada's competitiveness is a concern because
A) Canada's productivity is the lowest in the world.
B) we have been living off our rich diet of natural resources.
C) Canadian companies are only competitive due to the lower value of the Canadian dollar.
D) the quality of Canadian manufactured goods is low.
E) we don't take advantage of the intellectual ability of our people.

Question

Quizplus · Accepted Answer

Michael Porter has highlighted that Canada's competitiveness is a concern because we have been heavily reliant on our natural resources for economic growth and have not diversified our economy enough. This makes us vulnerable to fluctuations in commodity prices and reduces our overall competitiveness. While Canada's productivity is not the lowest in the world and the quality of our manufactured goods is generally high, these factors do not seem to be his primary concern. Additionally, while the value of the Canadian dollar does impact competitiveness, it is not the only factor worth considering. Finally, while we could do more to take advantage of the intellectual ability of our people, this is not mentioned as a key concern in Porter's comments.

According to Michael Porter, a Harvard University Expert on International