Over the past two decades, Canada has witnessed continued economic stability and progress despite the recent crisis that wreaked havoc in most other advanced economies. In fact, Canada has never had a banking crisis and has one of the highest levels of well-being, but challenges remain, said OECD Secretary-General.
As advanced economies struggle to consolidate recovery from the deepest financial crisis in modern times, promoting innovation becomes critically important to develop new products, new services, and new ways of doing thing, said OECD Secretary-General.
To tackle rising inequalities we need to reassess the way in which our economies grow. By placing inclusiveness at the heart of the growth debate we can open up opportunity so that every citizen can realise their potential, to contribute to, and benefit from, more equitable economic growth, said OECD Secretary-General.
Solving the long-term investment ‘puzzle’ must, by its very nature, be a joint effort between public and private sectors. Policymakers need to partner with institutional investors to find workable solutions, said OECD Secretary-General in Montreal.
Mr. Angel Gurría, Secretary-General of the OECD, will be in Montreal to attend the International Economic Forum of the Americas, where he will present the 2014 OECD Economic Survey of Canada, and the OECD Review of Employment and Skills Strategies in Canada.
When it comes to well-being, American users of the OECD Better Life Index (BLI) want to be happy, Canadians care most about health, while Latin Americans strive for better education. That’s according to user feedback as the Index marks its third birthday.
The average worker in Canada faced a tax burden on labour income (tax wedge) of 31.1% in 2013 compared with the OECD average of 35.9%. Canada was ranked 26 of the 34 OECD member countries in this respect.
Une reprise est en cours dans les économies avancées du monde, étayée par des conditions financières favorables et un relâchement du freinage exercé par le resserrement budgétaire, mais la situation de l'activité est contrastée dans les grandes économies de marché émergentes, selon la dernière Évaluation économique intermédiaire de l'OCDE.
Canada weathered the economic and financial crisis and its aftermath better than most other advanced economies, but productivity growth, in particular growth in multifactor productivity, has been persistently weak despite comparatively high investment in knowledge-based capital and a business environment generally favourable to entrepreneurship.
Canada enjoys relatively high GDP per capita but productivity growth has been weak despite comparatively high investment in knowledge-based capital, a fairly competitive business environment and a reasonably well-functioning labour market.