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Why isn’t Canada an economic giant?
The North American nation has vast potential, yet underperforms on the global stage
www.ft.com
By purchasing power parity, its economy is ranked 15th globally by size, behind the likes of Turkey, Italy and Mexico. The OECD has forecast Canadian per capita gross domestic product growth up to 2060 to be the lowest among advanced nations.
Poor productivity is at the heart of the country’s growth challenges. In an hour a Canadian worker produces just over 70 per cent of what an American can — that’s below the euro area and even the UK based on 2022 data.
难道加拿大人比欧洲英国人还懒?生产效率这么底下,比美国人工资低也应该。
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