Citation
(2010), "Complacent Canada?", International Journal of Productivity and Performance Management, Vol. 59 No. 7. https://doi.org/10.1108/ijppm.2010.07959gab.003
Publisher
:Emerald Group Publishing Limited
Copyright © 2010, Emerald Group Publishing Limited
Complacent Canada?
Article Type: News From: International Journal of Productivity and Performance Management, Volume 59, Issue 7
Canada’s poor productivity record might be the fault of a complacent business culture, a new TD Bank report suggests.
Canadian Governments have done the right things to promote productivity, TD Economics Adviser Don Drummond says in the recent report, entitled The Productivity Puzzle. And yet Canada’s productivity rate has been declining since the 1970 s.
“Key elements of Canada’s history and industrial structure may have nurtured a complacent business culture,” Drummond suggests.
A key metric of improving a country’s standard of living, loosely speaking, productivity is the amount of economic value produced per hour of work. Canada’s lax performance is frequently cited by the Bank of Canada in its policy pronouncements.
Cutting corporate taxes and keeping inflation in check have helped boost productivity in most other developed nations, but Canada’s GDP output per capita has slipped from fifth in the world to 11th over the past 20 years.