Mrs. Sue Barnes (London West)
Mr. Speaker, an issue I wish to highlight is research and development. In my riding we have an industrial research park, the University of Western Ontario and University Hospital.
Long-term economic growth cannot be founded only upon the exploitation of natural resources. The competitiveness of our nation in today's global economy is influenced by its capability to develop and apply new technology. This requires long-term stable investment in R and D and strategic knowledge based sectors.
Over the past decade spending on R and D in Canada as percentage of gross domestic product was less than nearly all other G-7 countries.
I encourage members of the House to support R and D initiatives which will enable industry to compete effectively and ensure future employment for Canadians.
Subtopic: Research And Development