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This country note, extracted from the STI Scoreboard 2009, explores recent developments in matters relating to innovation, science, technology and globalisation in Canada.
OECD research shows that to be successful in today’s knowledge economy, communities need to invest not only in the supply of skills but also in the demand for skills.The new OECD LEED project on “Skills for Competitiveness” will examine the advantages of such demand-side policy interventions.
Canada spent 10.1% of GDP on health in 2007, more than the OECD average of 8.9%. Spending per person is also higher than the OECD average.
Economic forecasts for GDP, unemployment, inflation and fiscal balance
In the coming years, the world economy will need a much more solid connection between public policy and the citizen for which policy is made. The spinal cord of that connection can be summed up in one question: What kind of world economy do we want to create?
After two years of bad news and trillions of dollars of losses, the global economy is now stabilising. The challenge is to move from a policy-based recovery to self-sustained growth. How can cities, the main economic engines of this world, contribute to build stronger, cleaner and fairer economies?
The review proposes a new sustainable competitiveness agenda to enhance productivity in Toronto. This agenda could focus on innovation, cultural diversity and infrastructure; and apply a green lens to policies.
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The OECD Employment Outlook indicates that Canada’s unemployment rate was slow to take off, but is predicted to reach almost 10% by 2010. Since peaking in October 2008, full-time employment has dropped by 486 000.
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Canada receives solid marks in Doing Better for Children , the OECD’s first report on the well-being of children. But there are areas which may need policy attention to improve the lives of Canadian children, including reducing child poverty and youth risk-taking.
Governments should invest more money on children in the first six years of their lives to reduce social inequality and help all children, especially the most vulnerable, have happier lives, according to the OECD’s first ever report on child well-being in its 30 member countries.