Last time I spoke at this forum, I ended by making a plea for raising the priority attached to improving the level of excellence in tertiary education. Although I am not an expert in this subject and was merely quoting others more expert than myself, I was surprised at the favourable public reaction my observations received.
But good fortune is only part of the story. Without Canada's commitment to the OECD's "four legs" of sound economic policy, our recent performance would no doubt have been poorer. So, what are the "four legs" of the OECD consensus? The principles that I am referring to deal with monetary policy, fiscal policy, trade liberalization, and structural reform.