DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/sr8rv7/oecd_economic_surv) has announced the addition of OECD Publishing's new report "OECD Economic Surveys: Canada 2012" to their offering.
Canada weathered the global economic crisis well, mainly reflecting sustained growth in domestic pending, and the economy is continuing to grow despite the persistence of international turbulence, most recently stemming from the euro zone sovereign debt crisis. In Canada's case, several factors are acting in its favour. Federal fiscal plans are seen by markets as credible, favouring low borrowing costs. The banking system is sound and required no taxpayer bailouts during the 2008-09 crisis. Comparatively strong growth among emerging market economies has shifted global purchasing power to commodity exporters like Canada via both higher export prices and stronger currencies. Nevertheless, uncertainty regarding the global situation and risk-averse financial markets are a drag on business confidence and investment, while prolonged low interest rates could push mortgage-debt and house prices higher from already elevated levels, at least in some large cities.
Canada enjoys strong institutions and policy credibility, but for many years its economic growth has relied mainly on increasing labour and capital inputs. By contrast, growth of multi-factor productivity (MFP) has been weak and declined further in the past decade. Innovation indicators such as business R&D and patenting rates are poor. Boosting innovation is an important and well established way of raising MFP growth, which is in turn needed to sustain rising living standards, especially as the population ages.
OECD's 2012 survey of the Canadian economy examines recent economic developments, policies and prospects, and takes a special look at business innovation and tertiary education.
Key Topics Covered:
- Executive summary
- Assessment and recommendations
- Chapter 1. Unleashing business innovation
- Chapter 2. Tertiary education: Developing skills for innovation and long-term growth
For more information visit http://www.researchandmarkets.com/research/sr8rv7/oecd_economic_surv
Source: OECD Publishing