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OECD Economic Surveys: Canada 2012
OECD Economic Surveys: Canada 2012    
Format Softcover – PDF version available on request when you purchase the softcover
Catalogue No. 102012121P
Pages 128
Language English; Aussi disponible en français
Price $94.00
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Published by the Organisation for Economic Co-operation and Development, 2012.

The 2012 Survey was released June 2012. The 2010 Survey was released September 2010.

Description:
Canada has weathered the global economic crisis comparatively well but will have to become more productive to sustain its high standard of living, according to OECD's OECD Economic Surveys: Canada 2012.

This is the latest review of Canada's economy by the prestigious Organisation for Economic Co-operation and Development.

The report notes that a timely fiscal stimulus, low interest rates, a solid banking sector and revenues from natural resources helped Canada return to a stable growth path after the global economic crisis of 2008-2009. With rising real estate prices and high household indebtedness now posing new risks, the OECD projects that Canada's economy will grow by around 2¼ per cent in 2012, and by around 2½ per cent in 2013.

Highlights:
  • Canada's economy withstood the global economic crisis thanks to a timely macroeconomic policy response and a solid banking sector.
  • Monetary policy remains appropriately accommodative given persistent global headwinds and associated risks and the withdrawal of fiscal stimulus, but it should stand ready to react to signs of a pickup in inflation.
  • Boosting innovation can raise historically weak productivity growth to sustain living standards.
  • Improvements in tertiary education will also be critical to support socially inclusive growth in a knowledge-driven economy.
This year's survey for Canada also includes a special chapter titled "Tertiary education." The OECD recommends that Canada should seek to attract more foreign students into its tertiary system and make it easier for them to work and stay in Canada after graduation. The report also suggests that universities be differentiated between institutions that engage in research and those that focus primarily on teaching.

Contents:
  • Executive Summary
  • Assessment and Recommendations
    • Overview
    • Macroeconomic developments
    • Monetary and financial-market policies
    • Fiscal policies to support strong and inclusive long-term growth
    • Canada's key long-term challenge is to boost productivity growth
    • Fostering business innovation
    • Strengthening higher education
    • Bibliography
    • Appendix A1. Progress in structural reform
  • Unleashing Business Innovation
    • The Canadian productivity paradox
    • The state of innovation
    • Policy drivers and barriers to innovation
    • Conclusions
    • Notes
    • Bibliography
  • Tertiary Education: Developing Skills for Innovation and Long-Term Growth
    • Educational attainment
    • Access to higher education
    • Outcomes of the education system
    • The higher education system: aligning institutional incentives with policy priorities
    • Notes Bibliography
  • Boxes
  • Tables
  • Figures

About OECD Economic Surveys

OECD Economic Surveys are reference tools for governments, businesses, academics and NGOs. The Organisation for Economic Co-operation and Development (OECD) produces highly sought-after annual reviews of the economies of Member countries and selected non-member countries. Approximately eighteen surveys are issued during a calendar year. The OECD updates its survey for Canada every 18 months. Each study provides a solid analysis of developments in the subject country, special reports on topics of current interest, and extensive statistical information. Surveys can be purchased individually or on subscription.

  
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This page last modified: July 17, 2012
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