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Shrugging off Canada’s competitiveness shortfall
Friday, May 18th, 2012
May. 18, 2012
There is very little that can be done about Canada’s gaping competitiveness shortfall. Almost three-quarters of the gap is due to the soaring loonie, which is out of our control… Could Canadian workers be the problem? Again, the answer is no. Canada has among the highest rate of postsecondary education graduates in the world, performs well above average (and the United States) in international testing, and has a superior (and more rapidly improving) labour quality than the United States… during periods of high commodity prices, resource-intensive countries like Canada shed competitiveness. But this is paired with no obvious diminishment to well-being,..
Tags: economy, globalization, standard of living
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