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  1. #1
    Atomic Punk Dave's Dreidel's Avatar
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    12.15.17 @ 04:20 AM
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    Default It's Official - Canada Slips to #15

    Canada slips a notch in global competitiveness ranking (emphasis added)

    DAVID PARKINSON - ECONOMICS REPORTER

    Canada has slipped a bit further down the rankings of the world’s most competitive economies, as the country’s lagging innovation puts it at a disadvantage to its international peers, the World Economic Forum (WEF) said.

    The international economic foundation ranked Canada 15th out of 144 countries in its annual world competitiveness index, down one position from last year’s report. It was Canada’s lowest ranking since 2006 on the index, which scores economies on a wide range of criteria that contribute to competitiveness.

    Switzerland remains the top-ranked country in the index, followed by Singapore. The United States rose two places, to third, amid signs of improving innovation and strengthening of its institutional framework.

    “The productivity level … determines the rates of return obtained by investments in an economy, which in turn are the fundamental drivers of its growth rates. In other words, a more competitive economy is one that is likely to grow faster over time,” the report said.

    Canada’s 15th placing leaves it around the middle of the pack among developed countries – ahead of the likes of France, Australia and New Zealand, yet trailing much smaller advanced economies such as Singapore and Denmark. As recently as 2009, Canada ranked ninth in the WEF’s annual ratings, as its financial-system stability and relative economic health gave it a considerable competitive advantage over many of its badly wobbling global peers. But as the world’s economy and financial system has recovered, Canada’s position in the rankings has eroded.

    Canada’s slipping competitive status highlights some of economists’ biggest long-term concerns about the Canadian economy: Underinvestment in innovation and technology that continues to hamper the country’s chronically sluggish productivity growth. WEF chief economist Jennifer Blanke said that while Canada has a solid foundation for fostering competitiveness – solid institutions and rule of law, strong health care and childhood education systems, a stable economy and reliable financial markets – it slips in the more sophisticated measures that separate the most competitive countries from the pack.

    “Canada really gets the basics right. That’s not to be taken lightly, because a lot of countries don’t,” Ms. Blanke said. “But in the more complex issues, that’s where Canada is struggling.”

    She pointed out that Canada’s private-sector spending on research and development ranks just 27th in the world, while university/industry collaboration on R&D ranks 19th. In government procurement of advanced technology – a key driver of technological innovation in the world’s most competitive economies – Canada ranks 48th. Businesses consider Canada’s regulatory structure overly burdensome (ranked 39th) and cite its government rules as discouraging foreign direct investment (ranked 52nd).

    And Canada is slipping up at the higher levels of education and training – considered a critical building block for future innovation. While Canada’s primary school enrolment ranks second in the world, secondary enrolment is only 23rd, and post-secondary enrolment ranks only 45th.

    “Structurally, we’re not doing as well at innovation as we need to,” said Daniel Muzyka, president of the Conference Board of Canada, the WEF’s Canadian partner in the global study. “We’re not really mobilizing to become more competitive.”

    “We’re doing adequately. As a small exporting nation, we need to do better.”

    http://www.theglobeandmail.com/repor...ticle20313100/
    Taylor Swift is nice to look at. Adele can sing.

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  2. #2
    Forum Frontman It's Mike's Avatar
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    Default

    Canada’s 15th placing leaves it around the middle of the pack among developed countries – ahead of the likes of France, Australia and New Zealand,
    France, Australia and New Zealand = Canada's bitches.

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  4. #3
    Atomic Punk Dave's Dreidel's Avatar
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    Default

    I thought you guys were supposed to be smarter than everyone else, yet you have difficulty with complex economic issues and are slipping in education and training?

    What's going on Mike?
    Taylor Swift is nice to look at. Adele can sing.

    Emperor Brett - "I can't believe you guys are analyzing song-by-song Van Halen III? What next, analyzing the script of Stroker Ace looking for some shred of Citizen Kane?"

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  5. #4
    Forum Frontman It's Mike's Avatar
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    Default

    Quote Originally Posted by Dave's Dreidel View Post
    I thought you guys were supposed to be smarter than everyone else, yet you have difficulty with complex economic issues and are slipping in education and training?

    What's going on Mike?
    Hot Sauce is dragging down the average greatly.

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  7. #5
    Baluchitherium
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    12.14.17 @ 10:41 PM
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    Default

    It's because Michael J. Fox hasn't been working that much lately.
    "Alcoholism, is like, the only disease you can get yelled at for having" - Mitch
    Hedberg

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  9. #6
    Atomic Punk Dave's Dreidel's Avatar
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    Default

    You guys need to package a Rush/Shania Twain tour, that will get the Canadian economic engine roaring.
    Taylor Swift is nice to look at. Adele can sing.

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  10. #7
    Forum Frontman It's Mike's Avatar
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    Quote Originally Posted by Dave's Dreidel View Post
    You guys need to package a Rush/Shania Twain tour, that will get the Canadian economic engine roaring.
    not the worst idea in the world.

    As for the actual article, Canada will never rank high on anything that includes productivity growth. Canadian companies are historically rather slow to invest major funds in new technology (the main driver in productivity growth). This will always lead to lower productivity than some other nations.

  11. #8
    Atomic Punk bsbll4's Avatar
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    12.14.17 @ 02:04 PM
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    Premium Member

    Default

    15th? I think that still qualifies as "one of the greatest."
    CNN may think my opinion matters, but you shouldn't.

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  13. #9
    Atomic Punk Dave's Dreidel's Avatar
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    Default

    What a douche nozzle.
    Taylor Swift is nice to look at. Adele can sing.

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  14. #10
    Forum Frontman It's Mike's Avatar
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    Default

    Quote Originally Posted by bsbll4 View Post
    15th? I think that still qualifies as "one of the greatest."
    We're the Bill Clinton of nations.

  15. #11
    Atomic Punk Dave's Dreidel's Avatar
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    Default

    Is Monica Quebec?
    Taylor Swift is nice to look at. Adele can sing.

    Emperor Brett - "I can't believe you guys are analyzing song-by-song Van Halen III? What next, analyzing the script of Stroker Ace looking for some shred of Citizen Kane?"

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  16. #12
    Forum Frontman It's Mike's Avatar
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    Quote Originally Posted by Dave's Dreidel View Post
    Is Monica Quebec?
    about the same size. yeah.

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  18. #13
    Atomic Punk Dave's Dreidel's Avatar
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    I was going with her wearing a beret and blowing the President, but hey, you can go with the fat joke!
    Taylor Swift is nice to look at. Adele can sing.

    Emperor Brett - "I can't believe you guys are analyzing song-by-song Van Halen III? What next, analyzing the script of Stroker Ace looking for some shred of Citizen Kane?"

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  20. #14
    Atomic Punk
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    Quote Originally Posted by Dick Punch View Post
    It's because Michael J. Fox hasn't been working that much lately.
    Isn't he dead?
    "Watch what people are cynical about, and one can often discover what they lack.” -- Gen. George S. Patton

  21. #15
    Sinner's Swing!
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    Quote Originally Posted by Dave's Dreidel View Post
    I was going with her wearing a beret and blowing the President, but hey, you can go with the fat joke!


    Last edited by we die young; 12.04.14 at 12:35 PM.

 

 

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