appendix B Glossary agglomeration economics: The productivity benefits that derive from a concentration of input suppliers, producers, and customers in a specific location. absorptive capacity: The ability of firms to use new technology to improve their productivity. economic profits: Profits that are higher than necessary to compensate for the investment risks assumed by companies. efficiency frontier: The productivity performance of the most efficient organizations in an industry. Framework policies: Public policies that shape the broad business environment. Gravity models: Economic models of international trade, investment, and migration that emphasize the sizes of national economies as key determinants of those phenomena. Find this report and other Conference Board research at www .e-library .ca Human capital: The skills and knowledge embodied in the labour force that are acquired through education and experience. market structure: The degree of competitiveness characterizing a market; primarily reflects the number of competitors and the ease with which new firms can enter the market. spillover productivity benefits: Improvements in the efficiency of host and/or home-country firms arising from inward (FDI) and outward (FDO) direct investment. Trade-related investment measures (Trims): Domestic regulations that a country applies to foreign investors, often as part of an industrial policy. An example is a requirement forforeign investors to buy inputs from local suppliers.
The International Trade and Investment Centre The aim of the International Trade and Investment Centre is to help Canadian leaders better understand what global economic dynamics—such as global and regional supply chains, domestic barriers to trade, and tighter border security—could mean for public policies and business strategies. The Centre Promotes informed dialogue on Canada’s global economic role through independent, clearly communicated, evidence-based research Contributes to enhanced Canadian living standards by providing a sound basis for business and government decisions that enhance trade and investment outcomes Proposes solutions for improving Canada’s future trade and investment performance, rooted in the Centre’s original research findings, combined with other emerging analyses Brings together business and government leaders in an off-the-record forum to hear from top global thinkers and share successful trade and investment strategies Insights you can count on [ conferenceboard.ca/ITIC ] The International Trade and Investment Centre publishes evidence-based, accessible, and timely reports on key global trade and investment issues. Research is arranged under these themes: Trade and investment policy Barriers to trade and investment Tracking global value supply chains/ regional value chains Internationalization of SMEs Environment, trade, and investment Recent Reports Canada’s “Missing” Trade With the European Union/ Le commerce « manquant » du Canada avec l’Union européenne Some Plain Talk About Canada’s International Trade/ Un regard franc sur le commerce extérieur au Canada The Financial Crisis, Regulatory Reform, and International Coordination: What Remains to Be Done Learning to Live With a Strong Canadian Dollar: Four Options for Business and Government E-MAIL firstname.lastname@example.org