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Canada’s competitiveness continues to be severely challenged as traditional and emerging economies aggressively strive to occupy the global economic landscape. In fact, our country’s ability to remain a leader among nations continues to decline. A 2012 World Economic Forum report ranked Canada 14th in global economic competitiveness—down two places from 2011 and sliding five places since 2009. Improving Canada’s competitiveness requires an ambitious, aggressive and innovative private sector. Strategic thinking and smart public policies are also needed to address long-standing structural impediments that hinder businesses at a time when they need much greater flexibility to compete.
In 2012, in consultation with our members, we launched the Top 10 Barriers to Competitiveness. This ongoing initiative aims to direct attention to the key impediments holding back Canada’s progress and to urge all levels of government to act more swiftly in increasing our country’s ability to compete globally.
The need for action is urgent. The standard of living of every Canadian depends on how well we as a people respond to the challenge. We must identify and implement real, tangible solutions for breaking down the barriers to our competitiveness and for creating more opportunities and greater prosperity for Canadian businesses and families.