We need to give the private sector many more powerful incentives to do research and development, to bring ideas and new discoveries to market in Canada, and commercialize them here, and stay here through successive stages of growth. But they can only do it with better government policies that give them more powerful incentive.

Everyone in Afghanistan and Pakistan is a potential target. My heart goes out to the UN family in Afghanistan: in spite of everything, they are showing fortitude. But they will need the support of the whole world at this difficult time.

It will not be good enough simply to depend on one or two markets, we will need to embrace innovation, decide what we do well, and target those sectors in which, with investment and planning, we could make the whole world our client for keeps.

In 2007 and 2008, it was impossible to get American and British policy makers, or Pakistani politicians, to acknowledge that the Taliban leadership was in Pakistan. This is the great virtue of the early statements of the Obama administration, when Obama himself, Richard Holbrooke and others, said that the threat to both countries comes principally from western Pakistan, in Balujistan and Waziristan. So there has been some progress, but probably the hardest part is yet to come.

The plant goes down. The industry is weaker. The price of the commodity has lagged. Any of those things can push people into unemployment or lower income categories, and that hurts.

People follow those who act like leaders, not those who proclaim themselves to be leaders.

We Canadians need, as a country, to be much more present globally than we have been today.