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Why does the OECD oppose economic growth?


 

A report from the OECD sees signs of Dutch Disease in the Canadian economy.

The Organization for Economic Co-operation and Development warns in a report released Wednesday that the run-up in commodity prices is leading to an uneven economy in Canada. And it says the country needs to do more to develop non-resource aspects of the economy in order to maintain high levels of employment and an equitable distribution of wealth across regions…

“I don’t think you can really deny it,” Peter Jarrett, one of the report’s authors, said in an interview. “You can’t explain the entire pattern of the history of manufacturing just by exchange rates. That goes too far. But anyone who argues it has no effect is clearly not looking at the data.”

See previously: Are we infected?, The Dutch, oil and Thomas Mulcair, The Dutch Disease debate, Thomas Mulcair, mostly undaunted and Dutch Disease and everything after


 

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