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Economy


  • 18-May-2021

    English

    Policy brief on e-learning and digital business diagnostic tools for entrepreneurs

    This policy brief discusses recent international policy experiences in developing e-learning and digital business diagnostic tools for entrepreneurs. E-learning tools can develop entrepreneurial knowledge, skills and competences among users and increase their confidence and success in business creation. Business diagnostic tools offer entrepreneurs ways to assess their business management practices against peer companies or good practices, building competence and diffusing good practice. This brief sets out considerations for the successful development and implementation of these tools. It presents eight international cases of tools and discusses the public policy lessons from these international experiences.
  • 12-May-2021

    English

    Improving the well-being of Canadians

    For many years now, a growing number of economists, policy makers, and civil society groups have pointed to the limits of using only GDP as the primary measure of national economic progress. Accordingly, a progressively greater focus has been placed on the concept of well-being and its optimal measurement, as well as its appropriate use in budgeting and other aspects of policymaking. Canada has had a long history of measuring subjective well-being and a good pre-COVID 19 record on many of its determinants but has not yet decided on an official government-wide framework. This chapter delves into the topic and then looks at some of its crucial aspects, in particular: inequality and poverty including food insecurity; housing affordability and homelessness; physical and mental health and long-term care, with a special focus on Pharmacare; and environmental conditions. It includes a special section on the problems facing Indigenous peoples and those belonging to racialise.
  • 11-March-2021

    English

    Canada: focus on boosting business, jobs and well-being

    Canada’s economy is on the road to recovery after the shock from COVID-19, yet risks and uncertainties remain, and some economic sectors and groups remain vulnerable. Support to households and firms should continue until a recovery is well under way, with assistance then focusing on helping viable firms to create jobs, according to a new OECD report.

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  • 17-November-2020

    English

    The impact of COVID-19 on SME financing - A special edition of the OECD Financing SMEs and Entrepreneurs Scoreboard

    The COVID-19 crisis has had a profound impact on SME access to finance. In particular, the sudden drop in revenues created acute liquidity shortages, threatening the survival of many viable businesses. The report documents an increase in demand for bank lending in the first half of 2020, and a steady supply of credit thanks to government interventions. On the other hand, other sources of finance declined, in particular early-stage equity. This paper, a special edition of Financing SMEs and Entrepreneurs, focuses on the impacts of COVID-19 on SME access to finance, along with government policy responses. It reveals that the pre-crisis financing environment was broadly favourable for SMEs and entrepreneurs, who benefited from low interest rates, loose credit standards and an increasingly diverse offer of financing instruments. It documents the unprecedented scope and scale of the policy responses undertaken by governments world-wide, and details their key characteristics, and outlines the principal issues and policy challenges for the next phases of the pandemic, such as the over-indebtedness of SMEs and the need to continue to foster a diverse range of financing instruments for SMEs.
  • 14-April-2020

    English

    Synthesising good practices in fiscal federalism - Key recommendations from 15 years of country surveys

    The design of intergovernmental fiscal relations can help to ensure that tax and spending powers are assigned in a way to promote sustainable and inclusive economic growth. Decentralisation can enable sub-central governments to provide better public services for households and firms, while it can also make intergovernmental frameworks more complex, harming equity. The challenges of fiscal federalism are multi-faceted and involve difficult trade-offs. This synthesis paper consolidates much of the OECD’s work on fiscal federalism over the past 15 years, with a particular focus on OECD Economic Surveys. The paper identifies a range of good practices on the design of country policies and institutions related strengthening fiscal capacity delineating responsibilities across evels of government and improving intergovernmental co-ordination.
  • 23-July-2018

    English

    Economic Survey of Canada 2018

    Well-being is high in Canada, and the economy has regained momentum, supported by a rebound in exports and strengthening business investment. Macroeconomic policies are gradually becoming less stimulatory, and budget policies are sustainable in the long term, although diffi culties remain at the provincial level.

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  • 1-June-2018

    English

    G7 Finance Ministers and Central Bank Governors’ Meeting: Session 4: Economic Growth that Works for Everyone

    Growth is back. We estimate GDP growth in G7 economies in 2017 to be around 2%, the highest since 2010. The unemployment rate is finally below the pre-crisis level at 6%.

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  • 14-May-2018

    English

    Challenges for the Global Economy and Possible Responses: Multilateralism that delivers

    It is a pleasure to address the Montreal Council of Foreign Relations. The former OECD Secretary-General, Donald Johnston, was here almost twelve years ago (in 2006). His speech was about keeping up with competitiveness in an increasingly interconnected economy, at a time when the economic situation was profoundly different from today.

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  • 3-August-2016

    English

    Strengthening competition in network sectors and the internal market in Canada

    Canada’s productivity performance has lagged that of many other OECD countries, despite some improvement in recent years.

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  • 27-July-2016

    English

    Boosting productivity through greater small business dynamism in Canada

    Small business dynamism is a feature of an SME sector that contributes to overall productivity growth, not an end in itself.

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