Mushrooms and Yeast: The Implications of Technological Progress for Canada’s Economic Growth

Summary:
Page Title:Mushrooms and Yeast: The Implications of Technological Progress for Canada’s Economic Growth – C.D. Howe Institute
Article Title:Mushrooms and Yeast: The Implications of Technological Progress for Canada’s Economic Growth
URL:https://cdhowe.org/publication/mushrooms-and-yeast-implications-technological-progress-canadas-economic/
Published Date:September 2, 2015
Accessed Date:February 11, 2025

Economic growth from technological innovation tends to spring up in unpredictable places, creating winners and losers, states a new report from the C.D. Howe Institute. In “Mushrooms and Yeast: The Implications of Technological Progress for Canada’s Economic Growth,” author Peter Howitt finds that rather than focusing on supporting specific industries, governments should encourage and harness economic growth through a process of “creative destruction.”

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