Certainly. I think, having worked on this topic for a good part of my career, there are many reasons that productivity has been identified to be lagging versus the United States. I think the chief reason is our lack of dynamism on the innovation front in terms of our track record in being able to commercialize new innovations and make them viable businesses. That's where the U.S. has done so much better a job than we have. For sure, it has a deeper venture capital system and very vibrant universities—and so do we—but that's the key issue.
