ECO105Y1 Chapter 5: Chapter 5 readings notes

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Lecture 5: the vital importance of achieving productivity growth for a market economy. 5. 1: partnering for prosperity in canada our economy must grow so the standard of living continues to rise one of the most prosperous countries in the world to grow, we have to be competitive with other jurisdictions: our imp. c a n a d a le a d s wo rl d"s t o p p e rfor mi n g e c o n o mi e s in e x p or t s. 1 9 9 8 g a p : $ 6 8 0 0 2 0 0 2. by not realizing full econo mic potential we will not be able to increase econo my "s capacity f future upgrades and innovations to suppor t higher spending in education/health. If gap eli minated, econo mic well being of canadians would be enhanced.

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