{"id":3907,"date":"2024-03-05T02:00:20","date_gmt":"2024-03-05T07:00:20","guid":{"rendered":"https:\/\/cpp.hec.ca\/en\/?p=3907"},"modified":"2024-02-29T11:38:38","modified_gmt":"2024-02-29T16:38:38","slug":"productivity-and-prosperity-in-quebec-2023-overview-quebecs-economic-growth-slowed-down-by-the-failure-of-its-industrial-policy","status":"publish","type":"post","link":"https:\/\/cpp.hec.ca\/en\/productivity-and-prosperity-in-quebec-2023-overview-quebecs-economic-growth-slowed-down-by-the-failure-of-its-industrial-policy\/","title":{"rendered":"Productivity and Prosperity in Quebec \u2013 2023 Overview : Quebec\u2019s Economic Growth Slowed Down by the Failure of its Industrial Policy"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container has-pattern-background has-mask-background nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1144px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-1\"><p>Montr\u00e9al, March 5, 2024 \u2013 On the eve of a budget that will be largely in deficit, the Centre for Productivity and Prosperity \u2013 Walter J. Somers Foundation (CPP) releases the fourteenth edition of <a href=\"https:\/\/cpp.hec.ca\/en\/wp-content\/uploads\/sites\/2\/2024\/03\/PP-2023-01.pdf\">Productivity and Prosperity in Quebec \u2013 Overview<\/a>. Its main finding is clear: Quebec&#8217;s industrial policy is a failure and hinders the economic growth of the province.<\/p>\n<p>&#8220;For 25 years, Quebec&#8217;s approach to economic development has remained the same,&#8221; explains Robert Gagn\u00e9, Director of CPP and co-author of the study. &#8220;The government actively promotes the development of sectors it deems promising and passively seeks to preserve jobs in businesses that are not conducive to productivity, innovation, and investment. The result is an uninspiring economic environment that tends to limit economic growth instead of accelerating it, with the consequences we observe today.&#8221;<\/p>\n<\/div><div ><a class=\"fusion-button button-flat fusion-button-default-size button-default fusion-button-default button-1 fusion-button-default-span fusion-button-default-type\" target=\"_self\" href=\"https:\/\/cpp.hec.ca\/en\/wp-content\/uploads\/sites\/2\/2024\/03\/Communique_PP-2023-01_VA.pdf\"><span class=\"fusion-button-text awb-button__text awb-button__text--default\">Read press release<\/span><\/a><\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":4,"featured_media":3913,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13,17],"tags":[],"class_list":["post-3907","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-media-room","category-press-releases"],"_links":{"self":[{"href":"https:\/\/cpp.hec.ca\/en\/wp-json\/wp\/v2\/posts\/3907","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cpp.hec.ca\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cpp.hec.ca\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cpp.hec.ca\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/cpp.hec.ca\/en\/wp-json\/wp\/v2\/comments?post=3907"}],"version-history":[{"count":3,"href":"https:\/\/cpp.hec.ca\/en\/wp-json\/wp\/v2\/posts\/3907\/revisions"}],"predecessor-version":[{"id":3917,"href":"https:\/\/cpp.hec.ca\/en\/wp-json\/wp\/v2\/posts\/3907\/revisions\/3917"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cpp.hec.ca\/en\/wp-json\/wp\/v2\/media\/3913"}],"wp:attachment":[{"href":"https:\/\/cpp.hec.ca\/en\/wp-json\/wp\/v2\/media?parent=3907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cpp.hec.ca\/en\/wp-json\/wp\/v2\/categories?post=3907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cpp.hec.ca\/en\/wp-json\/wp\/v2\/tags?post=3907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}