Main menu:

History of RPE Thought

Posts by Tag

RSS New from the CCPA

  • Unpacking the details of Manitoba Hydro September 9, 2019
    What would a long view of Manitoba Hydro all entail.  Read report here.
    Canadian Centre for Policy Alternatives
  • CCPA submission to Treasury Board consultation on regulatory modernization September 6, 2019
    On June 29, 2019, the federal government launched a public consultation on initiatives intended to "modernize" the Canadian regulatory system. Interested Canadians were invited to provide input on four current initiatives: Targeted Regulatory Reviews (Round 2) Review of the Red Tape Reduction Act Exploring options to legislate changes to regulator mandates Suggestions for the next […]
    Canadian Centre for Policy Alternatives
  • Join us in November for the 2019 CCPA-BC Gala, featuring Nancy MacLean September 3, 2019
    Tickets are available for our 2019 Annual Gala Fundraiser, which will take place in Vancouver on November 21. This year’s featured speaker will be Nancy MacLean, an award-winning historian and author whose talk, The rise of the radical right: How libertarian intellectuals, billionaires and white supremacists shaped today’s politics, is very timely both in the US and here in […]
    Canadian Centre for Policy Alternatives
  • Report looks at captured nature of BC’s Oil and Gas Commission August 6, 2019
    From an early stage, BC’s Oil and Gas Commission bore the hallmarks of a captured regulator. The very industry that the Commission was formed to regulate had a significant hand in its creation and, too often, the interests of the industry it regulates take precedence over the public interest. This report looks at the evolution […]
    Canadian Centre for Policy Alternatives
  • Correcting the Record July 26, 2019
    Earlier this week Kris Sims and Franco Terrazzano of the Canadian Taxpayers Federation wrote an opinion piece that was published in the Calgary Sun, Edmonton Sun, Winnipeg Sun, Ottawa Sun and Toronto Sun. The opinion piece makes several false claims and connections regarding the Corporate Mapping Project (CMP), which we would like to correct. The […]
    Canadian Centre for Policy Alternatives
Progressive Bloggers

Meta

Recent Blog Posts

Posts by Author

Recent Blog Comments

The Progressive Economics Forum

Full List of 60 Countries That Did Better than Canada

The Conservatives are stressing their supposed credentials as “economic managers” in their strategy to win a majority — combined with fear-mongering about a future coalition (although that latter part of the strategy may be backfiring on them).

I’ve argued before that claims about Canada’s superior performance are not factually correct, especially when we correct for faster population growth here (which makes any international comparison of absolute GDP growth or job-creation meaningless).

My Globe and Mail column today carries on the argument, by depicting Canada’s relative performance (on both GDP and unemployment criteria) within a broader international sample.  It reports Canada’s ranking as follows:

2009 Real GDP growth: 61st out of 107 countries reporting this data to the IMF International Financial Statistics.

2010 Real GDP growth (first 3 quarters): 25th out of 53 countries reporting quarterly data to the IMF.

2009 increase in the unemployment rate (compared to 2008): 56th out of 72 countries reporting annual unemployment rate data in the ILO’s Short-Term Indicators of the Labour Market.

2010 improvement in the unemployment rate (first three quarters, compared to 2009): 28th out of 74 countries reporting quarterly data to the ILO.

As I say in the column, these kind of rankings are more reminiscent of Canada’s international soccer ranking (84th in the latest FIFA table), rather than the gold-medal victories in hockey that the Conservatives are no doubt trying to channel with their national chest-thumping.

Here for posterity is the full listing of countries which outperformed Canada according to the 4 rankings noted above.  These are not just “emerging economies,” either; they include many OECD economies which are clearly outperforming Canada.

60 Countries With Faster Real GDP Growth than Canada in 2009 (Canada ranked 61st out of 107 reporting)  * OECD Member Country

  • Argentina
  • Australia *
  • Bangladesh
  • Belarus
  • Belize
  • Brazil
  • Brunei Darussalam
  • Burundi
  • Chad
  • Chile *
  • China,P.R.: Mainland
  • Colombia
  • Costa Rica
  • Cyprus
  • Dominica
  • Dominican Republic
  • Egypt
  • Greece *
  • Guatemala
  • Honduras
  • India
  • Indonesia
  • Israel *
  • Jordan
  • Kazakhstan
  • Korea, Republic of *
  • Kyrgyz Republic
  • Libya
  • Macao
  • Malawi
  • Malaysia
  • Maldives
  • Mali
  • Malta
  • Mauritius
  • Montserrat
  • Morocco
  • New Zealand *
  • Nicaragua
  • Niger
  • Norway *
  • Pakistan
  • Panama
  • Peru
  • Philippines
  • Poland *
  • Qatar
  • Saudi Arabia
  • Senegal
  • Singapore
  • South Africa
  • Sri Lanka
  • Switzerland *
  • Syrian Arab Republic
  • Thailand
  • Uganda
  • Uruguay
  • Vietnam
  • Yemen, Republic of
  • Zambia

Source: IMF International Financial Statistics Database, March 2011 edition.

24 Countries with Real GDP Growth Faster than Canada During the First Three Quarters Of 2010 (Canada ranked 25th out of 53 reporting)  * OECD Member Country

  • Argentina
  • Belarus
  • Brazil
  • Colombia
  • Germany *
  • Hong Kong
  • India
  • Indonesia
  • Israel *
  • Japan *
  • Korea, Republic of *
  • Luxembourg *
  • Malaysia
  • Malta
  • Mauritius
  • Mexico *
  • P.R. China, Mainland
  • Peru
  • Poland *
  • Singapore
  • Slovak Rep. *
  • Sweden *
  • Thailand
  • Turkey *

Source: IMF International Financial Statistics Database, March 2011 edition.

55 Countries Which Experienced a Smaller Increase in the Unemployment Rate than Canada in 2009 (Canada ranked 56th out of 72 reporting)  * OECD Member Country

  • Albania
  • Argentina
  • Australia*
  • Austria*
  • Barbados
  • Belarus
  • Belgium*
  • Brazil
  • Bulgaria
  • Chile*
  • Colombia
  • Croatia
  • Cyprus
  • Ecuador
  • Egypt
  • Finland*
  • France*
  • Germany*
  • Greece*
  • Hong Kong*
  • Indonesia
  • Iran
  • Israel*
  • Italy*
  • Jamaica
  • Japan*
  • Kazakhstan
  • Korea*
  • Luxembourg*
  • Macau
  • Macedonia
  • Malaysia
  • Malta
  • Mauritius
  • Mexico*
  • Montenegro
  • Morocco
  • Netherlands*
  • New Zealand*
  • Norway*
  • Peru
  • Phillipines
  • Poland*
  • Portugal*
  • Romania
  • Singapore*
  • Slovenia*
  • South Africa
  • Sri Lanka
  • Sweden*
  • Taiwan
  • Thailand
  • Trinidad & Tobago
  • U.K.*
  • Venezuela

Source: International Labour Organization, Short-Term Indicators of the Labour Market, March 2011.

27 Countries Which Experienced a Larger Improvement in the Unemployment Rate than Canada During the First Three Quarters of 2010 (Canada ranked 28th out of 74 reporting)  * OECD Member Country

  • Argentina
  • Australia*
  • Austria*
  • Brazil
  • Chile*
  • Ecuador
  • Egypt
  • Germany*
  • Hong Kong
  • Indonesia
  • Israel*
  • Kazakhstan
  • Luxembourg*
  • Macau
  • Malaysia
  • Malta
  • Mexico*
  • Peru
  • Phillipines
  • Russian Fed.
  • Singapore
  • Sri Lanka
  • Taiwan
  • Thailand
  • Turkey*
  • Ukraine
  • West Bank & Gaza

Source: International Labour Organization, Short-Term Indicators of the Labour Market, March 2011.

Enjoy and share:

Comments

Comment from Steve
Time: April 6, 2011, 2:39 pm

Its hard to know where to start, but the conclusions of Jim Standford, well hold very little logic. Economics seems one of those professions where propaganda outweighs facts, and I always find it hilarious when people accuse others of it, when they do it themselves.

OK , lets take 1 example

55 Countries Which Experienced a Smaller Increase in the Unemployment Rate than Canada in 2009 (Canada ranked 56th

Lets say a Country with very high unemployment in the first place, Its quite obvious that their rate of increase could be smaller than Canada’s however, indicators such as that does not mean they are in fact doing better. If Canada has an unemployment rate of 10% and another country 25% and they increase more slowly , hardly an indicator we are doing worse than them. I oo can use

I could go on and on, but if people wish to believe the world is flat so be it, sad the Globe and Mail prints propaganda though.

Comment from Ian
Time: January 13, 2012, 6:52 am

Steve? I cannot understand why people bury their heads in the sand. What’s the view like down there? HOW in heavens name are you going to make things better if you don’t accept some things need fixing. The guy who wrote this article NAMES the countries – just doesn’t say SOME countries, that would make it kinda easy for you to check out your theory now. wouldn’t it? BUT NO you don’t – instead you choose to waffle and keep the sand on the bottom in view!

Write a comment





Related articles