2012–28, Bank of Canada, 2012. 9  T. Macklem, “Canada’s Competitive Imperative: Investing in Productivity Gains” (speech to Productivity Alberta, Edmonton, 1 February, 2011). BIS central bankers’ speeches  5  Productivity growth in Canada has ranged from disappointing to dismal. Since 2001, Canada’s productivity growth has slowed to historically low rates and has languished well below U.S. rates.
Strong governments need to be peopled by those who can provide needed public goods – it requires expertise, motivation, and integrity. Realizing the importance of strong government, developing countries constantly request multilateral institutions for help in enhancing their governance capacity. Strong governments may not, however, move in the right direction.