How Industry Canada Blew $13.7 Billion In Corporate Welfare
Mark Milke
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Posted 11.11.2012
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Canada Business
Read More:
Fraser Institute,
Corporate Welfare,
Canadian Government,
Industry Canada,
Business Subsidies,
Corporate Welfare Canada,
Canada Corporate Welfare,
Canada Business News
Corporate welfare is a losing proposition. Peer-reviewed research on business subsidies does not support (political and recipient) claims that corporate welfare is responsible for economic growth or job creation, two of the most oft-heard claims. At best, a generous interpretation of the literature suggests that subsidies may, in very specific locations, produce some effect on local economic behaviour.
