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September 2, 2015

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.”

Peter Howitt
Peter Howitt

C.D. Howe Institute Academic Adviser on Economic Growth and Innovation

Peter Howitt is Professor of Economics at Brown University. 

He taught at the University of Western Ontario from 1972 to 1996 and at the Ohio State University from 1996 to 2000.