POLS 2300 Chapter Notes - Chapter 3: Meech Lake Accord, Charlottetown Accord, Fraser Institute

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For most of the last generation, the average real purchasing power of. Canadians was the second highest in the world, topped only by. In the last decades canada has slipped significantly so that today 15 countries rank ahead of it in terms of average real purchasing power or purchasing power parities. Affluence affects boths the opportunities and problems faced by policy makers. The very definition of what constitutes public problems, warranting the attention of government, is also influenced by a society"s material conditions. Canada"s unemployment rate has been close to the average for the more affluent oecd countries: the economy"s ability to create new jobs has been among the best, exceeded by only australia. About three quarters of workers are in service industries. These shares are similar to that of our major trading partners. The service sector"s share of total employment has grown dramatically. These employment trends have led to many to worry that the canadian economy is deindustrializing".

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