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#Written by David Tam, 1999.           #       
#davidkftam@netscape.net Copyright 1999#  
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From tamda@ecf.toronto.edu Mon Jul 12 18:28:03 1999
Date: Mon, 22 Feb 1999 14:55:59 -0500 (EST)
From: David Kar Fai Tam 
To: APS 424S 
Subject: #13-02/23/99-"`Knowledge' spending to rise by $1.8 billion"


The Globe and Mail, Wednesday, February 17, 1999. A14.

	Finance Minister Martin has announced a list of "goodies" in 
his 1999 federal budget. Along with the much talked about health 
care spending, the government will be trying to improve Canada's 
technology goals.  An increase in spending of $1.8 billion over 
the next three years is aimed at strengthening research 
facilities and aiding companies in producing cutting edge 
products and services.  Aimed at encouraging research and 
innovation, the additional spending will go towards (1) creating 
knowledge, (2) disseminating it, (3) commercializing it, and (4) 
hiring people to support it. As well, an additional $1.4 billions 
is allocated of the next three years to health care research and 
innovation to improve diagnosis and treatment. Overall, the 
budget allocates 10% of the new spending to knowledge-based 
areas.

	This kind of investment in the future is a good sign for all  
Canadians. It will create an encouraging environment for the 
research, development, design, and commercialization of new 
technologies.  Canada will become a fertile ground for the 
incubation of new technologies.

	By encouraging research and innovation, the government is 
investing in the long-term future of this nation. The goals of 
dissemination and commercialization of research and innovation 
offers huge potential for Canadian technology companies, old and 
new.  Successful commercialization of new technologies will 
create self-sustaining new industries contribute to Canada's 
leadership in the new economy.

	The government has recognized the long term needs of the 
nation in this current age of information and globalization.  
Action must be taken to stem the southernly flow of Canadian 
talent, in the form of corporations, engineers, computer 
scientists, biologists, and MBA graduates. We must create 
opportunities and a fertile environment that will lead our nation 
into future prosperity.

    Source: geocities.com/siliconvalley/campus/9640/4thYear/Business

               ( geocities.com/siliconvalley/campus/9640/4thYear)                   ( geocities.com/siliconvalley/campus/9640)                   ( geocities.com/siliconvalley/campus)                   ( geocities.com/siliconvalley)