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Answer» <html><body><p><strong>Answer:</strong></p><h2>Canada and the industrialized world are in the midst of transforming itself into a knowledge-based society. The so-called Information Revolution, which has been unfolding for at least the past 20 years with more <a href="https://interviewquestions.tuteehub.com/tag/still-653256" style="font-weight:bold;" target="_blank" title="Click to know more about STILL">STILL</a> to come, will in all probability be reinforced and outdone by the nascent biotechnology revolution that is underway. The next generation of Canadians will likely lead <a href="https://interviewquestions.tuteehub.com/tag/quite-2238067" style="font-weight:bold;" target="_blank" title="Click to know more about QUITE">QUITE</a> different lives than Canadians today and the demands imposed on them, particularly in <a href="https://interviewquestions.tuteehub.com/tag/terms-1242559" style="font-weight:bold;" target="_blank" title="Click to know more about TERMS">TERMS</a> of acquiring knowledge and being socially adaptable, will be far greater.</h2><h2></h2><h2> Canada’s recent record in acquiring knowledge relative to other OECD countries has been impressive: our educational investment record is superb; our scientists are among the most productive in the world and have distinguished themselves in a number of fields, which are likely to be <a href="https://interviewquestions.tuteehub.com/tag/key-11608" style="font-weight:bold;" target="_blank" title="Click to know more about KEY">KEY</a> catalysts of the biotechnology revolution. So, on this score, Canada is well placed to be a leading economy in a knowledge-based world. If there is weakness, it is on the R&D front. Canada trails virtually all G-7 countries (leads only Italy) and most West European countries in terms of its expenditure on R&D relative to GDP. Indeed, what is surprising is Canada’s relatively high standing in terms of productivity and standard of living in light of its laggard R&D performance.</h2></body></html> | |